Price-fixing agreements among competing firms are a violation of the Sherman Antitrust Act.

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This statement is true. Price-fixing agreements among competing firms are explicitly prohibited by the Sherman Antitrust Act, which was passed in 1890 with the goal of promoting competition and preventing monopolies. Specifically, the Act makes it illegal for businesses to engage in any anti-competitive behavior that restricts trade or artificially raises prices, including price-fixing agreements between competitors. Violators of the Sherman Act can face significant fines and other penalties.

Price-Fixing Agreements Among Competing Firms Are a Violation of the Sherman