Multiple Choice
Following a crash of an Amtrak train between Philadelphia and New York,the eastern corridor north-south route was shut down.Commuters between Washington,D.C.,Philadelphia,and New York City were affected.Many had to resort to air travel.At the time of the shut-down,the airlines serving this corridor raised their airfares.Commuters complained that they were quoted prices of $2,000 for air fares in the route that normally ranged from $300-$500.What would constitute an antitrust violation?
A) if the airlines raised their rates in response to the new demand
B) if the airlines communicated to each other about raising the fares
C) if there was conscious parallelism on raising the fares
D) if the rates were higher than Amtrak rates
Correct Answer:

Verified
Correct Answer:
Verified
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