Quiz 33: Antitrust Law
Horizontal Price Fixing Occurs When the Competitors in the Same
Horizontal price fixing occurs when the competitors in the same line of business agree to set the price of goods or services they sell.
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Illegal price fixing includes setting minimum or maximum prices of fixing the quantity of a product or service to be produced or provided.
Although most price fixing agreements occur between sellers,an agreement among buyers to set the price they will pay for goods or services is also price fixing.
Price fixing is a conditional violation of Section 1 of the Sherman Act.
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