One of the most famous price-fixing cases in U.S. history occurred in the 1950s and involved
A)Alcoa and Reynolds Aluminum Company.
B)General Motors and Ford.
C)Westinghouse and General Electric.
D)IBM and Digital Equipment Company.
E)American Airlines and United Airlines.

Question

Quizplus · Accepted Answer

This price-fixing case is known as the Great Electrical Conspiracy and involved Westinghouse and General Electric conspiring to fix prices and divide the market for electrical equipment and supplies. It resulted in both companies admitting to the conspiracy and paying fines.

One of the Most Famous Price-Fixing Cases in U