Two CEOs from Different Firms in the Same Market Collude

question 197

Multiple Choice

Two CEOs from different firms in the same market collude to fix the price in the market. This action violates the

• A)Clayton Act of 1914.
• B)Sherman Antitrust Act of 1890.
• C)Crandall-Putnam ruling of 1983.
• D)Jackson-Microsoft ruling of 2000.

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Definitions:

Federal Law

Laws passed by the national government of a country that are applicable across all its constituent states and territories.

State Law

Legislation enacted by the legislative body of a state, governing within its borders and subject to the constitution of that state.

Federal Court

A court of law established by the national government that has the power to hear and decide cases involving federal law or disputes between states.

Drunk-Driving

The act of operating a motor vehicle while under the influence of alcohol, beyond legal blood alcohol concentration limits.