In US V Trenton Potteries Co

question 431

Multiple Choice

In U.S. v. Trenton Potteries Co., competitors openly fixed prices and restrained sales. The Supreme Court held that:

• A) Section 2 of the Clayton Act was unconstitutional
• B) price fixing is per se illegal
• C) cartels that serve to lower consumer prices may be legal
• D) as a potters association they were exempt from the antitrust laws
• E) horizontal groupings that do not involve mergers are not illegal

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Definitions:

Trademark

A distinctive mark, word, design, picture, or arrangement that is used by a producer in conjunction with a product and tends to cause consumers to identify the product with the producer.

Personal Liability

The legal responsibility of an individual to cover debt or damages arising from their actions.

Partnership

A business entity legally formed by two or more individuals who collaborate in managing the enterprise and sharing its financial gains.

Taxes

Compulsory financial charges levied by a government on individuals, businesses, or transactions to fund public expenditure.