Horizontal price-fixing,such as an agreement between retailers to set a common price for a product,is the classic example of a(n)__________ violation of Section 1 of the Sherman Act.
A) per se
B) intentional
C) rule of reason
D) willful

Question

Quizplus · Accepted Answer

Per se violations are those that are so inherently anti-competitive that they are always illegal without any need for further analysis. Horizontal price-fixing is a classic example of a per se violation of Section 1 of the Sherman Act, as it eliminates competition in pricing by agreeing on a common price.

Horizontal Price-Fixing,such as an Agreement Between Retailers to Set a Common