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QUESTION 10

It is perfectly legal for an oligopoly to sign a binding contract and keep prices high in the United States.
O True
O False

1 Answer

2 votes

Answer:

False

Step-by-step explanation:

Example: Two toy companies cannot agree to charge the same high price for their toys.

Companies should not agree to fix prices or limit competition.

Oligopolies are monopolies of few companies controlling everything

The U.S. government sued Microsoft in the 1990s for violating antitrust laws by unfairly competing with other software companies.

Antitrust refers to laws that prevent companies from working together to control prices and limit competition.

Antitrust laws in the United States include the Sherman Antitrust Act and the Clayton Antitrust Act.

Antitrust laws in the United States prevent companies from working together to control prices and limit competition.

This means companies cannot agree to charge the same high price for their products.

Illegal for competitors to agree to fix prices, limit production, or allocate markets, among other anticompetitive actions.

Antitrust laws in the United States prevent companies from working together to control prices and limit competition.

This means companies cannot agree to charge the same high price for their products.

Fines and even imprisonment for individuals involved in the illegal behavior.

Antitrust laws in the United States include the Sherman Antitrust Act and the Clayton Antitrust Act.

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