American Oil Company joins a cartel that includes foreign participants to set the price of oil. The cartel has a substantial effect on U.S. commerce. With respect to the foreign participants, under U.S. antitrust laws, this is most likely

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Joining a cartel to set prices, especially when it has a substantial effect on U.S. commerce, is considered a per se violation of U.S. antitrust laws, regardless of the nationality of the participants.

American Oil Company Joins a Cartel That Includes Foreign Participants