Mark is the CEO of a major computer technology firm. He wants to form an organization that would allow computer firms to share data, information, and ideas. However, he is concerned that by doing so, the organization may violate antitrust laws. You are his attorney, and he asks you to advise him in this matter. What standard should be used to analyze the organization?
What will be an ideal response?
The rule of reason standard should be used. Simply forming a group without committing a per se restraint does not mean that there is no antitrust violation. Under the rule of reason the organization would have to offer legitimate business reasons and economic justifications for its practices to avoid potential antitrust liability.
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Fill in the blank(s) with correct word
The Federal Trade Commission:
A. prohibits the inclusion of restrictions on franchisees in the agreement. B. requires franchisors to explain the termination, cancellation, and renewal provisions of the franchise contract. C. requires franchisors to disclose the number of franchisees terminated in the last five years. D. prohibits certain contract provisions and franchisee practices thought to be unfair to franchisors.
Tying arrangements and cross-licensing are considered unlawful because both actions ________
A) tend to reduce competition B) inhibit licensees' right to freedom of choice C) limit patent holders' freedom to license their patents D) curb a consumer's right to use the patented product
The most frequently used control charts for monitoring the variable quality characteristics are ______.
a. mean charts and range charts b. mean charts and median charts c. mean charts and mode charts d. median charts and variance charts