From Cengage Homework (Ch 17) Back to Assignment Keep the Highest: /1 9. Antitru

Question

From Cengage Homework (Ch 17) Back to Assignment Keep the Highest: /1 9. Antitrust laws Cooperation among oligopolies runs counter to the public interest because it leads to underproduction and high prices. In an effort to bring resource allocation closer to the social optimum, public officials attempt to force oligopolies to compete instead of cooperating Consider the following scenario: Suppose that the presidents of two auto manufacturing companies exchange text messages in which they discuss jointly raising prices on their new lines of hybrid SUVs. This illegal communication would violate which of the following laws? The Celler-Kefauver Act of 1950 O The Robinson-Patman Act of 1936 The Sherman Antitrust Act of 1890 The Clayton Act of 1914

Explanation / Answer

Illegal communication would violate the sherman Antitrust act due to manipulation of market

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