Asked by Laura-Leigh Holley on May 06, 2024
Verified
All of the gas stations in Smalltown agree to charge the same price for gas.The owners of the various companies get together every Friday in a coffee shop to decide what the price will be next week.This is:
A) a violation of the Section 1 of the Sherman Act.
B) a violation of the McCarran-Ferguson Act.
C) a violation of the Robinson-Patman Act.
D) not a violation,as long as it benefits consumers.
Sherman Act
A landmark federal statute in the U.S. that prohibits monopolistic practices and promotes competition among businesses.
McCarran-Ferguson Act
A U.S. federal law enacted in 1945 that exempts the business of insurance from most federal regulation, leaving regulation primarily to the states.
Robinson-Patman Act
A 1936 U.S. law aimed at preventing anticompetitive practices by producers, specifically addressing price discrimination.
- Scrutinize the lawfulness of corporate tactics including price-fixing, dividing markets, and imposing vertical constraints in the context of antitrust regulations.
Verified Answer
Learning Objectives
- Scrutinize the lawfulness of corporate tactics including price-fixing, dividing markets, and imposing vertical constraints in the context of antitrust regulations.
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