If firms collude to raise prices, they will be in violation of the Sherman Antitrust Act.

Name: If firms collude to raise prices, they will be in violation of the Sherman Antitrust Act.
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Question

Quizplus · Accepted Answer

The Sherman Antitrust Act prohibits firms from engaging in collusion and other anti-competitive practices, with the goal of promoting competition and protecting consumers from monopolies and price-fixing. Therefore, if firms collude to raise prices, they would be in violation of this law.

If Firms Collude to Raise Prices, They Will Be in Violation