In the context of government regulations,which of the following is the primary device used to outlaw horizontal price fixing?
A)The Clayton Act
B)The Robinson-Patman Act
C)The Sherman Antitrust Act
D)The Taft-Hartley Act

Question

Quizplus · Accepted Answer

The Sherman Antitrust Act is the primary device used to outlaw horizontal price fixing. It prohibits contracts, conspiracies, and agreements in restraint of trade and outlaws monopolies and attempts to monopolize. The Clayton Act and Robinson-Patman Act also have provisions related to antitrust and competition, but they address other aspects such as anti-competitive mergers and discriminatory pricing, respectively. The Taft-Hartley Act primarily regulates labor relations.

In the Context of Government Regulations,which of the Following Is