Historical Figures

Price fixing is illegal under Section 1 of the Sherman Act?

True.

According to the Sherman Antitrust Act of 1890, Section 1 prohibits any contract, combination in the form of trust or otherwise, or conspiracy in restraint of trade or commerce among the several states or with foreign nations. Price fixing is a classic example of a restraint of trade, as it involves competitors agreeing to set prices for their goods or services, which can lead to higher prices for consumers and less competition in the market.