Refer to Scenario 19-1. The value added of CANOES-R-US for each canoe equals

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.

Government policy that attempts to prevent collusion among the sellers of a product and attempts to prevent restraint of trade is known as

A) social policy. B) antitrust policy. C) inherent policy. D) goodwill policy.