In the landmark case of Texaco, Inc. v. Dagher, et al., the U.S. Supreme Court held that per se liability applies only to agreements that are so plainly anti-competitive that no study of the industry is needed to establish their illegality.
Answer the following statement true (T) or false (F)
True
In this case, the U.S. Supreme Court ruled in favor of Texaco and Shell, holding that the rule of reason standard should apply.
You might also like to view...
Which of the following is an example of a gap between service delivery and external communications?
A) The employees at GBL have been asked to take time to listen to customers, but they must serve them fast as well. B) Amanda chose to shop at Alison's Fashions because the store's website offered on-the-spot alterations. However, when she did buy a dress, she had to wait a week to get it altered. C) Customers at LUX appreciate the personalized services the salespeople offer, but do not like the store design. D) Clearwater Spa attendants are well-trained in massage therapy and the services they offer, but customers rarely return because they don't like the attendants' impersonal service. E) When sales dropped, Styx modernized its stores in order to retain customers, but didn't realize that the product quality was the main problem.
Which of the following is correct with respect to an accountant's working papers?
a. The client is held to be the owner of an accountant's working papers. b. An accountant must surrender his working papers to his client if the client so requests. c. An accountant may not surrender her working papers unless the client consents or a court orders the disclosure. d. All of these are correct.
The cost of wasted capacity is
A) the reduction in margin that results from having to go to a backup source. B) the margin that would have been generated if the capacity had been used for production. C) the productivity increase generated when the capacity is used for production. D) the sales potential of excess capacity kept in reserve for emergency production.
Which of the following statements is CORRECT, assuming stocks are in equilibrium?
A. The dividend yield on a constant growth stock must equal its expected total return minus its expected capital gains yield. B. Assume that the required return on a given stock is 13%. If the stock's dividend is growing at a constant rate of 5%, then its expected dividend yield is 5% as well. C. A stock's dividend yield can never exceed its expected growth rate. D. A required condition for one to use the constant growth model is that the stock's expected growth rate exceed its required rate of return. E. Other things held constant, the higher a company's beta coefficient, the lower its required rate of return.