What Made Price Fixing Collusion Illegal? Federal Antitrust Enforcement Enacted in 1890, the Sherman Act is among our country’s most important and enduring pieces of economic legislation. The Sherman Act prohibits any agreement among competitors to fix prices, rig bids, or engage in other anticompetitive activity. Is price collusion illegal? Generally, the antitrust laws require
Is Selling Below Cost Illegal? Pricing below your own costs is also not a violation of the law unless it is part of a strategy to eliminate competitors, and when that strategy has a dangerous probability of creating a monopoly for the discounting firm so that it can raise prices far into the future and
What Is An Example Of Price Fixing? Another form of price-fixing is an agreement among competitors to refuse to pay more than a set amount for a product or service. For example, if two or more large hospital groups secretly agree to pay no more than a certain price for medical supplies that all of