Agreements among competing sellers to maintain a certain minimum price or to divide up the market in a particular way
A) are evidence of a cooperative rather than competitive spirit in business.
B) are illegal under federal law where it is applicable.
C) benefit business firms and their customers, but at the expense of employees.
D) increase the number of job opportunities in the economy.
B
Economics
You might also like to view...
Explain what is meant by the economic principle of voluntary exchange
What will be an ideal response?
Economics
If goods imports are greater than goods exports, the nation is experiencing a:
a. negative balance on current account. b. goods trade deficit. c. capital account imbalance. d. weakening of its currency. e. growth in foreign reserves.
Economics