The federal government issues certificates of incorporation for corporations with over one billion dollars in assets, if the firm wishes to have federal registration.
a. True
b. False
Indicate whether the statement is true or false
Question 2
Spanish Broadcasting (SB) claimed that larger radio company Hispanic Broadcasting (HB) worked with its part owner, Clear Channel, the largest radio network in the U.S. to limit its ability to compete in the market by hiring away SB employees and making it difficult for SB to enter the Spanish-language radio market in new cities. SB sued HB and Clear for monopolization. The court found that:
a. Clear and HB could not be proven to have conspired together, so although SB appeared to suffer damage, it could not prove intent to monopolize
b. SB failed to show monopolization or illegal anticompetitive conduct by HB and Clear
c. SB provided adequate evidence that its share of the Spanish-language radio market was injured by predatory behavior, so its claim against HB and Clear could proceed
d. HB and Clear controlled more than 25 percent of the radio market, thereby violating the Justice Department limit on market share control; Clear would have to sell its share of HB
e. none of the other choices
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