Figure 3-2 
-Refer to Figure 3-2. Which of the following is true for Cliff and Paul?
Definitions:
Sherman Antitrust Act
Is a landmark federal statute in the United States that prohibits monopolistic business practices and promotes competition.
Cartel Agreements
An arrangement between competing firms to control prices or exclude entry of a new competitor in a market, often to maximize their own profits by limiting supply.
Price-fixing
An illegal agreement among competitors to set prices at a certain level rather than allowing them to fluctuate naturally with market forces.
Clayton Act
A U.S. antitrust law, enacted in 1914, aimed at promoting fair competition and preventing monopolies.
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