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:

Influence Tactic

Strategies or approaches used by individuals to sway or alter others' attitudes, beliefs, or actions toward a desired outcome.

Legitimating

The process of making something acceptable and justifiable by norms, standards, or laws.

Reward Power

Reward power is a form of influence based on the ability to offer rewards or positive incentives in order to motivate or control the behavior of others.

Manager's Control

The power or authority a manager has to direct and regulate the behavior of employees and the operations of an organization.