Asked by Yenill Jacalan on Jun 17, 2024
Verified
According to the Consider This box "Of Sea Fish and eBooks (and Other Things in Common) ", which of the following firms were convicted for horizontal price-fixing?
A) Dell and Gateway (personal computer makers)
B) Boeing and Airbus (aircraft manufacturers)
C) Heinz and Del Monte (food product firms)
D) Apple, Harper Collins, and Penguin (e-books)
Horizontal Price-fixing
An illegal agreement between competitors to fix, raise, or lower prices of goods or services at a certain level, stifling competition.
Harper Collins
A major publishing company known for producing a wide range of books, magazines, and digital content across various genres.
- Recognize the examples of firms and industries subject to antitrust and regulatory scrutiny.
- Acknowledge the historical and contemporary examples of antitrust cases and their outcomes.
Verified Answer
KW
Kymberly WhiteJun 17, 2024
Final Answer :
D
Explanation :
Apple, Harper Collins, and Penguin were convicted for horizontal price-fixing in the context of e-books, as they collaborated to set the prices of e-books, which is an illegal practice under antitrust laws.
Learning Objectives
- Recognize the examples of firms and industries subject to antitrust and regulatory scrutiny.
- Acknowledge the historical and contemporary examples of antitrust cases and their outcomes.
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