Multiple Choice
A group of manufacturers of LCD screens for computers and cell phones met together monthly in private conference rooms in hotels to discuss their markets and kept notes with phrases such as "Must act together with the Korean makers in order to reap success," and "Extremely confidential.Must not distribute." The result was that the LCD screen producers were able to command high prices for their products,prices that were non-negotiable.Which of the following statements is correct about their conduct?
A) The manufacturers had engaged in a per se violation of antitrust laws.
B) The manufacturers violated the Sherman Act.
C) The manufacturers violated the Clayton Act.
D) both a and b
E) all of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q118: The Sherman Act imposes fines and imprisonment
Q119: Coca-Cola,Inc.and PepsiCo,Inc.have only one distributor each in
Q120: Which of the following is not an
Q121: A monopsony is illegal per se.
Q122: Generally,joint ventures among competitors in international business
Q124: Only Clayton Act violations carry treble damages.
Q125: Sole outlets are not antitrust violations when
Q126: 324 Liquor Corporation is a retail liquor
Q127: Cross-elasticity of demand is:<br>A)the willingness to substitute
Q128: Monopolization is a vertical restraint of trade.