The Sherman Antitrust Act Prohibits Price-Fixing in the Sense That

question 471

Multiple Choice

The Sherman Antitrust Act prohibits price-fixing in the sense that

• A)competing executives cannot even talk about fixing prices.
• B)competing executives can talk about fixing prices, but they cannot take action to fix prices.
• C)a price-fixing agreement can lead to prosecution provided the government can show that the public was not well-served by the agreement.
• D)None of the above is correct. The Sherman Act did not address the matter of price-fixing.

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Definitions:

Abnormal Person

An individual whose thinking or behavior deviates significantly from societal norms or expectations.

Personality

The mix of emotional, attitudinal, and behavioral reaction patterns characteristic of a person.

Unconscious

The part of the mind that is inaccessible to the conscious mind but that affects behavior and emotions.

Neurotic

Related to, constituting, or affected by a mild mental disorder characterized by anxiety or fear.