Answer the following statements true (T) or false (F)

1) Foreign firms and foreign citizens are exempt from U.S. antitrust laws.
2) If an illegal per se act has been proven to have occurred, there is no defense possible.
3) If a firm engaged in a price-fixing agreement first reports the activity to the Department of Justice, the company still faces substantial fees because price-fixing is illegal per se.
4) Bid rigging is analogous to price fixing.
5) Resale price maintenance can prevent showrooming.


1) FALSE
2) TRUE
3) FALSE
4) TRUE
5) TRUE

Economics

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