Following a crash of an Amtrak train between Philadelphia and New York,the eastern corridor north-south route was shut down.Commuters between Washington,D.C.,Philadelphia,and New York City were affected.Many had to resort to air travel.At the time of the shut-down,the airlines serving this corridor raised their airfares.Commuters complained that they were quoted prices of $2,000 for air fares in the route that normally ranged from $300-$500.What would constitute an antitrust violation?

Question

Following a crash of an Amtrak train between Philadelphia and New York,the eastern corridor north-south route was shut down.Commuters between Washington,D.C.,Philadelphia,and New York City were affected.Many had to resort to air travel.At the time of the shut-down,the airlines serving this corridor raised their airfares.Commuters complained that they were quoted prices of $2,000 for air fares in the route that normally ranged from $300-$500.What would constitute an antitrust violation?​

Quizplus · Accepted Answer

An antitrust violation would occur if the airlines communicated with each other about raising the fares, as this would be considered collusion, which is illegal under antitrust laws.

Following a Crash of an Amtrak Train Between Philadelphia and New