If all the gas stations in a city collaborated to determine what gas prices should be charged, they would be violating the
A) Wheeler-Lea Act.
B) Clayton Act.
C) Robinson-Patman Act.
D) Sherman Antitrust Act.
E) Celler-Kefauver Act.

Question

Quizplus · Accepted Answer

The Sherman Antitrust Act prohibits any agreement or collusion between competitors that would limit competition, fix prices, or allocate markets. If all gas stations in a city collaborated to determine what gas prices should be charged, they would be engaging in price-fixing, which is a violation of the Sherman Antitrust Act.

If All the Gas Stations in a City Collaborated to Determine