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

question 84

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:

Heckscher-Ohlin Theorem

An economic theory stating that countries export what they can most efficiently and plentifully produce, based on their factor endowments of labor, land, and capital.

Trade Flows

The movement of goods and services between countries or regions, highlighting the patterns and volumes of trade.

Factor Endowments

The quantity and quality of labor, land, and capital that a country possesses, which can affect its comparative advantage in trade.

Import Quota

A government-imposed limit on the quantity of a specific type of good that can be imported into a country.