Thermo Gas,Inc.,and Uno Oil Corporation refine and sell gasoline and other petroleum products. To limit the supply of gas on the market and thereby raise prices,Thermo Gas and Uno Oil agree to buy "excess" supplies from dealers and "dispose" of it. This is

Question

Quizplus · Accepted Answer

This scenario describes a per se violation of the Sherman Act, as Thermo Gas and Uno Oil are engaging in a horizontal conspiracy to limit the supply of gasoline and raise prices. This behavior is considered illegal without any analysis of its effects on competition or market conditions.