Question

6. Factors that may be used to define the relevant product market in an antitrust case include: a. b. C. d. e. Barriers to trade (e.g. import ban) Cross price elasticity of demand between products Transportation costs and how far products are generally shipped. Number of years the product has been in the market. All of the above. 7. Antitrust cases brought by the Federal Trade Commission: Are initially tried by an Administrative Law Judge and may subsequently be appealed to the FTC Commission and (ultimately) to the Supreme Court. Are developed by the FTC Staff and begin when a grand jury issues an indictment. Can be brought under the Sherman, Clayton, or FTC Acts. All of the above. a. b. c. d. 8, if the price of Gees decreases by 8% in the United States, the quantity demanded of Kees decreases by 7% in the United States. Based on this information, we should conclude that a. b. c. d. e. Gees and Kees are in separate relevant product markets. Gees and Kees are complements. Gees and Kees are substitutes Gees and Kees are unbeatable products. None of the above. 9. According to the government, how did firms coordinate their actions in the ATPCO (Airlines) case? a. b. c. d. e. Firms' executives met extensively to discuss the prices that would be charged The ATPCO case was not about collusion, it was about monopolization Firms used future sale fares and complex codes to coordinate prices and routes. The information exchange provided by ATPCO resulted in the largest merger in history. None of the above.