In a well-established market, ComBuilt produces the nation's best-selling bookkeeping software. The program is far superior to all other similar programs. ComBuilt requires all its distributors and retailers to sell the program at a specified price. This is:
a. known as a price maintenance agreement and may violate Section 1 of the Sherman Act under the rule of reason test.
b. known as a price maintenance agreement and is a per se violation of Section 1 of the Sherman Act.
c. exempt from antitrust laws because it does not constitute an interference with competition.
d. allowed by antitrust laws because it is a superior product.
Ans: a. known as a price maintenance agreement and may violate Section 1 of the Sherman Act under the rule of reason test.
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