According to Keith Hughes, what is the most important idea for you to know about the...

According to Keith Hughes, what is the most important idea for you to know about the Sherman Act?

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Expert Solution

As per the Sherman Act, it is criminal for a firm to establish monopoly in the market by means of supressing competition using anti competitive/ unfair conduct. Similarly, agreement between competitiors to fix prices etc is also considered criminal.

However, its not a crime if fair competition exists or if a firm is able to create monopoly in the market by selling superior goods. Also, if a firm is agressively competing in the market by lowering prices or marekting, the same is acceptable.

jeff jeffy answered 2 years ago

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