Big American Oil Company joins with a foreign cartel to control the price of oil. If the cartel has a substantial effect on U.S. commerce, a suit for violation of U.S. antitrust laws can be brought against

Question

Quizplus · Accepted Answer

The Sherman Antitrust Act prohibits any contract, combination, or conspiracy in restraint of trade or commerce among the several states or with foreign nations. In this case, Big American Oil and the foreign cartel have joined together to control the price of oil, which has a substantial effect on U.S. commerce. Therefore, a suit for violation of U.S. antitrust laws can be brought against both Big American Oil and the foreign cartel.

Big American Oil Company Joins with a Foreign Cartel to Control