Foreign Steel Exports, a company based in Brazil, colludes with other steel-export companies from around the world to agree on the price of steel sold in the United States, which causes the price of steel in the United States to substantially increase. This type of agreement:
a. must be addressed by an international trade association.
b. can be a violation of the Sherman Act.
c. falls outside of U.S. regulation.
d. can only be considered a violation under Brazil's laws.
Ans: b. can be a violation of the Sherman Act.
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