An agreement among competitors to fix prices is a per se violation of Section 1 of the Sherman Act.

Question

An agreement among competitors to fix prices is a per se violation of Section 1 of the Sherman Act.​

Quizplus · Accepted Answer

The Sherman Act prohibits any agreement among competitors to fix prices, allocate markets, or rig bids. This type of conduct is considered a per se violation of Section 1 of the Sherman Act, meaning it is deemed illegal without requiring any further analysis of its impact on competition. Therefore, any agreement among competitors to fix prices is automatically considered illegal under the Sherman Act.

An Agreement Among Competitors to Fix Prices Is a Per