Twenty firms account for 85 percent of the nation's production of canvas-topped, rubber-bottomed shoes, known by such names as tennis or gym shoes or sneakers. Imperfect shoes not of sufficiently high quality for distribution under their own names have been sold unbranded as "rejects" to merchandisers who sell them at reduced prices. Fearful that some consumers unknowingly buy imperfect shoes, and solicitous of the feet of our nation's youth, these 20 firms agree that they will no longer sell their rejects domestically. Is the agreement lawful?

Answer rating: 100% (QA)

Answer The legality of the agreement depends on the specific details and circumstances as antitrust ... View the full answer