Two CEOs from different firms in the same market collude to fix the price in the market. This action violates the
A)Clayton Act of 1914.
B)Sherman Antitrust Act of 1890.
C)Crandall-Putnam ruling of 1983.
D)Jackson-Microsoft ruling of 2000.

Question

Quizplus · Accepted Answer

The Sherman Antitrust Act of 1890 is a landmark federal statute in the history of United States antitrust law (or "competition law") passed by Congress to prohibit monopolies or unreasonable combinations of companies to restrict or in any way control interstate commerce. This includes price fixing, which is the agreement between business competitors selling the same product or service regarding its pricing. The act aims to ensure competition remains fair and benefits the consumer, making the collusion to fix prices between CEOs from different firms a violation of this act.

Two CEOs from Different Firms in the Same Market Collude