The agreement between the two firms makes it a per se antitrust violation
This is further explained below.
Generally, Antitrust violations occur when a law that protects trade and commerce against abusive activities such as price-fixing, restrictions, price discrimination, and monopolization is breached.
In conclusion, These laws defend against antitrust violations. The Sherman Act Section 1, the Sherman Act Section 2, and the Clayton Act are considered to be the three most important federal legislation in antitrust law.
Read more about antitrust violation
https://brainly.com/question/576726
#SPJ4
complete question
Two large local brokerage firm's agreed to lower their commission rates to the same amount, approximately 1% lower than any other firm in town. After extensive marketing of their new lower rate, these two firms began to see a big increase in the number of listings they received, costing their competitors substantial amounts of money. What about this situation makes it a per se antitrust violation?
1 The dollar amount the competitors lost
2 The marketing efforts the two firms used
3 The agreement between the two firms
4 The size of the two brokerage firms
