Domestic Oil Company joins with a foreign cartel to control the price of oil. The cartel has a substantial effect on U.S. commerce. A suit for violation of U.S. antitrust laws can be brought against

Question

Quizplus · Accepted Answer

Both Domestic Oil and the foreign cartel can be sued for violating U.S. antitrust laws because they are engaging in activities that have a substantial effect on U.S. commerce. U.S. antitrust laws can apply to foreign entities if their conduct significantly affects U.S. markets.

Domestic Oil Company Joins with a Foreign Cartel to Control