True$/$False

$1.$ Vague generalities and obvious exaggerations known as pu$$ery are not considered

deceptive advertising practices.

$2.$ The FTC may order counteradvertising which requires a company to stop challenged

advertising.

$3.$ All restaurant chains must post the caloric content of menu items per the A$$ordable Care

Act.

$4.$ Per the Truth in Lending Act, a credit card company may retroactively increase interest

rates.

$5.$ The Sherman Antitrust Act was authored by the brother of Civil War General William

Tecumseh Sherman.

$6.$ Size alone determines whether a firm is a monopoly.

$7.$ The Clayton Act defines price discrimination as the charging of di$$erent prices to competing

buyers.

$8.$ A crucial consideration in most merger cases is market concentration.

$9.$ The Howey Test is used to interpret the Sherman Act.

$10.$ Insider trading occurs when a person buys or sells securities based on information not

available to the public.

$11.$ The tipper$/$tippee theory prohibits outsiders from taking advantage of certain non$-$public

information.

$12.$ The relationship between a corporation and its shareholders is called incorporated

dialogue.