Which of the following observations concerning price fixing is true?
A) It is highly uncommon and relatively difficult to achieve.
B) It is permitted in the United States, under certain circumstances.
C) It is considered "conspiracy" under the Sherman Act.
D) In the U.S, individual managers are not held responsible for price fixing.
E) Price fixing laws across the globe are similar in nature.

Question

Quizplus · Accepted Answer

Price fixing is illegal under U.S. antitrust law, specifically the Sherman Act, and is considered a conspiracy between competitors to restrain trade and artificially inflate prices. This applies to both individuals and companies involved in the price fixing agreement. While price fixing is not uncommon, it can be difficult to prove in some cases. Price fixing laws and regulations vary across different countries and regions.

Which of the Following Observations Concerning Price Fixing Is True