Both per se and rule of reason violations of the Sherman Act are automatically illegal.
Indicate whether the statement is true or false
Question 2
Quotas are often favored over tariffs as import restrictions because: I. They are more flexible tools for regulating imports. II. It is easier for government policy makers to assess the potential impact of a quota.
A) I only.
B) II only.
C) Both I and II.
D) Neither I nor II.