Oil Industries Inc. and Petro Corporation are competing refineries situated on the Gulf coast. The two firms cooperate to obtain federal funds to build a levee that could protect their facilities from rising sea levels. With respect to antitrust law, this effort isa.a violation because it is "objectively baseless."b.a violation because it involves a conspiracy to affect market power.c.exempt from antitrust enforcement.d.a violation because funds will be spent for an anticompetitive purpose.

Question

06-12-2022
Business

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Oil Industries Inc. and Petro Corporation are competing refineries situated on the Gulf coast. The two firms cooperate to obtain federal funds to build a levee that could protect their facilities from rising sea levels. With respect to antitrust law, this effort isa.a violation because it is "objectively baseless."b.a violation because it involves a conspiracy to affect market power.c.exempt from antitrust enforcement.d.a violation because funds will be spent for an anticompetitive purpose.

Sagot :

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BinithaR BinithaR · Answer 1 · 2022-12-12T23:32:54-05:00

With respect to antitrust law, this effort is a exempt from antitrust enforcement

What is meant by antitrust law ?

Unlawful monopolies, pricing tactics, distribution networks, and mergers are all prohibited by antitrust laws, which aim to promote strong, equitable competition in the market describes prohibited anticompetitive practices.

Competition law is antitrust law. So why is it referred to as "antitrust"? The reason is that these regulations were initially created to prevent abuses that were being threatened by or imposed by the massive "trusts" that formed in the late 19th century.

The antitrust laws are the rules of the competitive marketplace, and it is the FTC's job to enforce them. These rules encourage healthy competition and defend consumers from mergers and company actions that are anticompetitive.

To learn more about antitrust law refer to :

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What is meant by antitrust law ?

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