1. Who is responsible for enforcement of the antitrust statutes? 2. What industries and activities are exempt from U.S. antitrust law?  3. Explain the difference between horizontal and vertical...

1. Who is responsible for enforcement of the antitrust statutes?

2. What industries and activities are exempt from U.S. antitrust law?

 3. Explain the difference between horizontal and vertical restraints under Section 1 of the Sherman Act.  List and define three types of mergers.

 4. Describe the approach the Justice Department takes to horizontal mergers under its current Merger Guidelines.