Have Adam and Zach violated the Sherman Act?

Question

Quizplus · Accepted Answer

A)To constitute a violation of Section 1 of the Sherman Act,a business act or practice must have three characteristics.The act must be 1)a combination,contract,or conspiracy i.e. ,an agreement between two parties),2)an unreasonable restraint on trade,and 3)a restraint that affects interstate commerce.In United States v.Socony-Vacuum Oil Co. ,the Supreme Court ruled that any kind of horizontal price fixing is a per se violation of the Sherman Act.

Have Adam and Zach Violated the Sherman Act