The National Cooperative Research Act provides that:
A) joint ventures in the research and development of new technology are to be judged under the rule of reason test.
B) treble damages apply to all joint ventures formed in violation of the antitrust laws.
C) joint venture participants must under all circumstances report their intent to the Justice Department.
D) joint ventures formed to divide markets and fix prices are not illegal.

Question

Quizplus · Accepted Answer

The National Cooperative Research Act allows for joint ventures in research and development to be evaluated under the rule of reason test, which assesses their competitive impact based on their circumstances rather than deeming them inherently illegal. This encourages innovation and collaboration among companies.

The National Cooperative Research Act Provides That