Asked by
DOVER MUSIC
on Nov 21, 2024
Verified
Archer Deborian and Bullarian Portans are working to get the best price for their aluminum. Both are the leading aluminum dealers in the world and control market prices by collaborating to set prices for their aluminum. What type of Sherman Act violation would this be?
A) Price gouging
B) Price profiteering
C) Pricing arrangement
D) Price fixing
E) No violation has occurred since the two are collaborating to se the price.
Price Fixing
An illegal agreement among competitors to control the price of a product or service.
Sherman Act
A landmark federal statute in the field of antitrust law prohibiting monopolistic practices and promoting competition.
- Gain insight into the nature and ramifications of distinct business methodologies and their legality as per antitrust regulations.
Verified Answer
RP
Learning Objectives
- Gain insight into the nature and ramifications of distinct business methodologies and their legality as per antitrust regulations.