Under the ________, it is illegal to discuss prices with a competitor.
A) Sherman Antitrust Act
B) Clayton Act
C) Robinson-Patman Act
D) Wheeler-Lea Act
E) Federal Trade Commission Act

Question

Quizplus · Accepted Answer

The Sherman Antitrust Act prohibits agreements among competing firms that would restrain trade, including price-fixing agreements. It makes it illegal for businesses to discuss prices with their competitors with the aim of manipulating or controlling prices in the market.

Under the ________, It Is Illegal to Discuss Prices with a Competitor