Which statement is false?
A) The 1961 electrical machinery anti-trust case is an example of covert collusion.
B) Two of the companies involved in the electrical machinery case were charged with price fixing on turbine generators 11 years after being convicted of price fixing and illegal market-sharing.
C) The conviction of high-ranking company executives in the 1961 electrical machinery case effectively ended covert conspiracies in this country.
D) In 1996 the Archer Daniels Midland Company pleaded guilty and paid a $100 million criminal fine for its role in two international conspiracies to fix prices and eliminate competition in the lysine and citric acid markets.
Correct Answer:
Verified
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