Price fixing ________.
A) is a reasonable violation of Section 1 of the Sherman Act
B) is a process seen exclusively among sellers of goods and services
C) is permissible as it helps consumers or protects competitors from ruinous competition
D) also involves fixing the quantity of a product or service to be produced or provided

Question

Quizplus · Accepted Answer

Price fixing involves fixing both the price and quantity of a product or service to be produced or provided. It is a violation of Section 1 of the Sherman Act and is not permissible as it harms consumers by reducing competition and raising prices. It is also not exclusive to sellers of goods and services.

Price Fixing ________