Agreements between competitors relating to the price to be charged for a product or service are in violation of the Sherman Act if those agreements threaten free competition.

Question

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For example, if partners in a firm set the price of their goods or service, they have engaged in a form of price fixing but not the type envisioned by the Sherman Act. The price fixing covered by the Sherman Act is that which threatens free competition.

Agreements Between Competitors Relating to the Price to Be Charged