Horizontal price-fixing is the classic example of a(n)________ violation of Section 1 of the Sherman Act.

Name: Horizontal price-fixing is the classic example of a(n)________ violation of Section 1 of the Sherman Act.
Brand: Quizplus
Rating: 4.8 (50 reviews)

Question

Quizplus · Accepted Answer

Horizontal price-fixing is considered a per se violation of Section 1 of the Sherman Act because it is an agreement among competitors to fix prices, which has been deemed inherently anticompetitive and therefore illegal without the need for further analysis under the rule of reason.

Horizontal Price-Fixing Is the Classic Example of A(n)________ Violation of Section