Many cartels exist in the United States because cartels and price-fixing are legal under U.S.law.

Question

Quizplus · Accepted Answer

Cartels and price-fixing are illegal under U.S. antitrust laws. Cartels violate the Sherman Antitrust Act and the Clayton Antitrust Act, as they restrict competition and artificially raise prices, which harms consumers and the market as a whole. There are penalties, including fines and imprisonment, for individuals and companies involved in cartel behavior.

Many Cartels Exist in the United States Because Cartels and Price-Fixing