Which of the following statements about price-fixing contracts is/are true?
i. Price-fixing contracts are prohibited where they have the effect of substantially lessening competition.
ii. Price-fixing contracts are a means of quoting different prices for different customers.
iii. Price-fixing contracts result in controlling the prices of goods or services.

Question

Quizplus · Accepted Answer

Statement i is true as price-fixing contracts are prohibited under competition law if they have the effect of substantially lessening competition. Statement ii is false as price-fixing contracts actually involve agreeing on prices with competitors, rather than quoting different prices to different customers. Statement iii is true as price-fixing contracts involve controlling prices, which can harm competition and consumers. Therefore, the correct answer is C.

Which of the Following Statements About Price-Fixing Contracts Is/are True