1.When something is illegal "per se," what does this mean?

2.What was theremedyin the Standard Oil and American Tobacco cases? Has this remedy been commonly used since these cases?

3.What does the Hart-Scott-Rodino Act require?

4.What is a tying contract (or agreement)?

5.The Sherman Act was short and sweet. It outlawed two things. Identify both:

a. _______________________________________________

b. _______________________________________________

9.What happened to U.S. antitrust policy following the E.C. Knight case?

10.In the 1890s, German courts were taking a very different approach to cartels and antitrust.What did the German court rule in the pulp cartel case?

12.What does the firm have to do in a consent decree? ________________. What does the Justice Department agree to do in return? ______________________

13.Why do most firms prefer a consent decree to a trial, even when they feel that they are innocent?

14.Are interlocking directorates illegal per se? __. Is price fixing illegal per se?___

15.Are tying contracts illegal per se? __. Is price discrimination illegal per se? ____

16.How can the Justice Department and the FCC respond to a notification of merger filed under the Hart-Scott-Rodino Act? (Hint: they have three options.)

17.English Common law became the basis for American Common Law. What dos the Common Law say about damages for parties injured by restraint of trade?

21.Why was Nabisco giving up on its strategy of seeking to create cracker of biscuit monopoly?

22.Why was Nabisco so open in its 1901 annual report about discussing its efforts to monopolize the cracker (biscuit) industry?

23.In its 1901 annual report, Nabisco announced that it was giving up on its efforts at creating a cracker or biscuit monopoly. What was the company's new strategy going to be?

24.Tying contracts are illegal per se under American antitrust laws. However, enforcing their illegal per se status has proven to be very difficult. What is the problem here?