Ask Question
16 January, 18:32

Omega corporation and precision products, inc., are the principal suppliers of their product in their market. they agree that omega will sell exclusively to retailers and precision will sell exclusively to wholesalers. under the sherman act, this is

+3
Answers (1)
  1. 16 January, 21:02
    0
    A per se violation

    Explanation:

    A per se violation is one that violates antitrust laws for example agreements made that violates the Sherman antitrust act. It has adverse effects on the competitiveness of a market.

    Sherman antitrust act of 1980 is aimed at regulating competitiveness in a market. It prohibits anticompetitive agreements, and unilateral activities that tries to monopolize a market.

    In this scenario Omega corporation and precision products, inc., are the principal suppliers of their product in their market. They make an agreement that one will focus on retailers and the other on wholesalers.

    This is an attempt to monopolize the market by the two principal suppliers, and is a violation of the Sherman antitrust act.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Omega corporation and precision products, inc., are the principal suppliers of their product in their market. they agree that omega will ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers