True or False Indicate whether the statement is true or false. ____ 64. The Sher
ID: 1100296 • Letter: T
Question
True or False
Indicate whether the statement is true or false.
____ 64. The Sherman Antitrust Act was an amendment to the Clayton Act.
____ 65. The Sherman Antitrust Act outlawed tying contracts.
____ 66. It is against the law in the United States for one person to hold positions on more than one board of directors at a time.
____ 67. The Clayton Act allowed board members of one corporation to sit on the board of a competing firm as long as inside information was not transmitted.
____ 68. If a firm buys the assets of a firm with cash, it may be in violation of the Celler-Kefauver Act.
____ 69. The Celler-Kefauver Act of 1950 plugged a technical loophole in the Clayton Act which permitted many large horizontal mergers.
____ 70. The Utah Pie case is an example of a violation of the Celler-Kefauver Act.
____ 71. The rule of reason would have not found a well-behaved, but gigantic, firm to be in violation of the antitrust laws.
____ 72. "Mere size is no offense" is an antitrust ruling based on the rule of reason.
____ 73. In the Alcoa case, the Supreme Court abandoned the per se rule and established the rule of reason.
____ 74. The per se rule would have not found a well-behaved, but gigantic, firm to be in violation of the antitrust laws.
____ 75. A merger of firms that compete in the same market is classified as a conglomerate merger.
____ 76. Imperfect information is a rationale for regulation.
____ 77. Requiring cars in Los Angeles to reduce pollution by the same amount as cars in Topeka is inefficient.
____ 78. Effluent taxes are not the most common approach used to control pollutants in the United States.
____ 79. The Coase Theorem states that the private sector can achieve environmental efficiency, as long as property rights are clearly assigned.
____ 80. The Coase Theorem states that there is a single unique way to assign property rights if the private sector is to achieve environmental efficiency.
(Please this will help me with studying correctly)
Explanation / Answer
64. True
65. True
66. False (Individual directors often serve on more than one board. This practice results in an interlocking directorate, where a relatively small number of individuals have significant influence over a large number of important entities. This situation can have important corporate, social, economic, and legal consequences, and has been the subject of significant research.)
67. False (Clayton act prohibited any person from being a director of two or more competing corporations, if those corporations would violate the anti-trust criteria by merging (Act Section 8; codified 1200 at 15 U.S.C.
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