In order to obtain a conviction for price fixing under the sherman antitrust act, the government needs to prove:

1 answer:

5 0

In order to obtain a conviction for price fixing under the Sherman Antitrust Act, the government need to prove that:
SECTION 1
1. There is an agreement
2. That the agreement unreasonably restrains competition
3. which affect interstate commerce
SECTION 2
The government has to prove that:
1. There is possession of monopoly power in the relevant market
2. The willful acquisition or maintenance of that power as distinguished from growth or development as a consequence of a superior product, business acumen or historic accident.

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And for the new case we know that the sales increase by a factor of 2%, so then we can find the new number of sales like this:

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$P_f = 5100 units *12.5 \frac{dollars}{unit}= 63750 dollars$

And the correct answer for this case would be:

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Explanation:

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And the total sales for the original case would be given by:

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$1.02*5000 units= 5100 units$

And the Total August sales would be given by:

$P_f = 5100 units *12.5 \frac{dollars}{unit}= 63750 dollars$

And the correct answer for this case would be:

$63,750

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