Which of the following is illegal under the Sherman Act? I. A competitor agrees with another competitor on the price at which the product will be sold.
II) A manufacturer refuses to supply a retailer who does not accept the manufacturer's guidance on the price.
A) only I
B) only II
C) both I and II
D) neither I nor II

Question

Quizplus · Accepted Answer

The Sherman Act prohibits agreements between competitors to fix prices, making I illegal. However, II is not necessarily illegal under the Sherman Act, as manufacturers can set conditions for their retailers, though it may raise issues under other antitrust laws.

Which of the Following Is Illegal Under the Sherman Act