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Which of the following statements about the per se rule and the rule of reason antitrust doctrines is true?

1) under rule of reason, only proof of an antitrust violation is needed for the courts to rule the firm violates antitrust laws

2) under per se, the court rules that the actions of the firm are not justified given the weight of the evidence

3) under rule of reason, the court considers the pro- and anti-competitive impact of a business practice to determine if it is harmful to competition

4) under per se, if precedent found a business action to be illegal it always remains illegal

5) none of the other choices

Operation Management, Management Studies

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