In 2008, lawsuits were filed against three producers (LG Display Co., Chunghwa Picture Tubes, and Sharp Corporation) for conspiring to fix prices of LCD panels. What act prohibits conspiring with your competitors to fix prices

Answer

The act that prohibits conspiring with competitors to fix prices is Sherman Act ,option A as found in the attached

Explanation:

The Sherman Antitrust Act was enacted in the year in 1890 prevent cases relating to collusion of business rivals coming together to dictate prices by price fixing.The Act was named after John Sherman, the main compiler of the Act.

While Robinson-Patman Act of 1936 was passed to prohibit all forms of price discriminations. Price discrimination is a selling strategy where the same item is sold at different groups of consumers.

In other words,price discrimination is a form extortion that should not be left to operate in a free market economy where forces of demand and supply determine the volumes of transaction and prices.

urban company reports the following information regarding its production cost: units produced 37,000 units direct labor $ 30 per unit direct materials $ 35 per unit variable overhead $ 237,000 in total fixed overhead $ 127,000 in total

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