If two or more firms collude to fix prices, this would be outlawed by the:
A) Federal Trade Commission Act.
B) Clayton Act.
C) Robinson-Patman Act.
D) Sherman Antitrust Act.

Question

Quizplus · Accepted Answer

The Sherman Antitrust Act is aimed at preventing collusion and other anti-competitive practices that restrict trade and limit competition. Its purpose is to protect consumers by promoting fair competition and preventing monopolies. Therefore, if two or more firms collude to fix prices, it would violate the Sherman Antitrust Act.

If Two or More Firms Collude to Fix Prices, This