Asked by Raymonde Armoo (student) on May 08, 2024
Verified
Under the Sherman Act, price fixing is the primary and most serious example of a per se violation.
Sherman Act
A foundational antitrust law in the United States aimed at promoting competition and restricting monopolistic practices.
Price Fixing
An illegal agreement among competitors to control prices, usually aimed at increasing prices or reducing competition in the market.
Per Se Violation
A per se violation is an act that is inherently illegal, without the need for additional proof of its harmfulness or malicious intent.
- Identify the distinctions between permissible and impermissible actions under the frameworks of the Sherman Act, Clayton Act, and Robinson-Patman Act.
Verified Answer
AH
Allisa HitchenMay 13, 2024
Final Answer :
True
Explanation :
Price fixing is considered a per se violation under the Sherman Act because it is deemed inherently illegal, regardless of its effect on the market or any justifications the parties involved might offer.
Learning Objectives
- Identify the distinctions between permissible and impermissible actions under the frameworks of the Sherman Act, Clayton Act, and Robinson-Patman Act.