An increasing number of Americans enjoy French truffles and are willing to pay a premium price for the product. If the three leading French truffle firms meet in Paris and decide to raise prices in the American market by 15%, does this act violate the Sherman Act?
The Sherman Act has broad, extraterritorial reach. Amendments to the Sherman Act and the FTCA make them applicable to unfair methods of competition that have a direct, substantial, and reasonably foreseeable effect on U.S. domestic commerce, U.S. import commerce, or U.S. export commerce. The Sherman Act forbids conspiracies to fix prices, which action applies to these facts.
You might also like to view...
What is the term that describes allowing selected investors to purchase mutual funds after 4:00 p.m., using that day's net asset value (NAV), rather than the next day's NAV, as required under the law?
a. Forward pricing b. Late trading c. Backdating d. Circular trading
Which of the following is NOT an advantage of a webinar?
a. The presenter can obtain feedback from participants. b. The presenter can respond to questions. c. The presenter doesn’t adjust the webinar content during the session. d. The presenter can adjust the webinar presentation during the session.
EDLP is used to combat _______.
a. limited information sharing b. limited visibility c. rationing d. forward buying
While trade sales promotions are designed to support the reseller, flip charts and specialty ads are designed to assist the sales staff.
Answer the following statement true (T) or false (F)