Which statement concerning horizontal price fixing agreements is correct?
A) All horizontal price fixing agreements are legal.
B) All horizontal price fixing agreements are illegal.
C) Horizontal price fixing agreements are only considered illegal if the resulting price is deemed "unreasonable."
D) Horizontal price fixing agreements are only considered illegal if channel members are franchisees.

Question

Quizplus · Accepted Answer

Horizontal price fixing agreements, where competitors agree on prices rather than competing, are generally considered illegal under antitrust laws in many jurisdictions, including the United States, as they restrict free competition and can lead to higher prices for consumers.

Which Statement Concerning Horizontal Price Fixing Agreements Is Correct