The concerted action requirement of the Sherman Act Section 1:
A)may be established by an express agreement.
B)is not met when a parent corporation and its wholly owned subsidiaries agree to a restraint in trade.
C)requires factors, additional to conscious parallelism, such as identical sealed bids from each competitor.
D)All of the above

Question

Quizplus · Accepted Answer

The concerted action requirement of the Sherman Act Section 1 can be established by an express agreement (A), is not met when a parent corporation and its wholly owned subsidiaries agree to a restraint in trade (B), and requires additional factors beyond conscious parallelism, such as identical sealed bids from each competitor (C).

The Concerted Action Requirement of the Sherman Act Section 1