Price-Fixing Is Considered to Be a Per Se Violation of the Antitrust

question 53

Multiple Choice

Price-fixing is considered to be a per se violation of the antitrust laws because

• A)a guilty verdict requires proof of injury to consumers.
• B)a guilty verdict requires proof of injury to other competitors.
• C)the rule of reason is applicable.
• D)a guilty verdict need only show that there was a conspiracy to fix prices, not that it succeeded.

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Definitions:

Balanced Reciprocity

A mode of exchange in which the giving and the receiving are specific as to the value of the goods and the time of their delivery.

Market Economy

An economic system where decisions regarding investment, production, and distribution are based on supply and demand, with little government intervention.

Redistributing Income

The process of reallocating wealth and income across a society, typically through taxation and government programs, to reduce economic inequality.

Show of Generosity

A display or act where someone gives something or offers help to others without expecting anything in return.