Jeff Sessions, the U.S. Attorney General, brought a Sherman Act lawsuit against competitors in the widget market. Holder alleged that these companies agreed to charge $25 for widgets. Which of the following defenses may apply?

Multiple Choice

That the $25 price was a fair market value.

That the $25 price was lower than the prices charged before the agreement.

That the competitors did not agree to charge $25 for widgets.

That the competitors would have gone out of business without the agreement due to over-competition, also known as hyper-competition.