True, there is substantial evidence that antitrust policy has been effective in identifying and prosecuting price-fixing by businesses.
A written, verbal, or conduct-based agreement to raise, lower, maintain or stabilize prices or price levels is known as price fixing. Antitrust laws typically mandate that each business establish prices and other competitive terms independently, without consulting a rival. Price fixing gives businesses the power to discourage market competition. Instead of competing in a market that is competitive, producers can more easily and profitably agree upon prices and set them together. Customers are victimized and businesses are under less incentive to maintain competitive prices. The Antitrust Division of the US Department of Justice may pursue criminal charges for price fixing, bid rigging, and other types of collusion.
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