This case involved dirty behavior in the bathroom fixture business. The federal government alleged 23 of the corporations that manufactured these fixtures had agreed on the prices they would charge their customers. The defendants argued that they had not violated the law because their prices had been reasonable. They were found guilty at trial but the appeals court overturned their convictions. The Supreme Court granted certiorari. 

Questions:

1. Is price-fixing a violation of the law if the prices are reasonable?

2. What was the Supreme Court’s holding?