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Q: North Mining Company and South Excavation Company agree to abide by the decisions of East Coast Financial Corporation as to their respective levels of production, markets, and prices, effectively
reducing competition and increasing profits. This is most likely A) an outdated, but legal business trust. B) a common, legal, time-honored type of business arrangement. C) an illegal restraint on trade. D) an innovative, legally efficient approach to doing business.
A: North Mining Company and South Excavation Company agree to abide by the decisions of East Coast Financial Corporation as to their respective levels of production, markets, and prices, effectively reducing competition and increasing profits. [ This is most likely C) an illegal restraint on trade. ]
Expert answered|matahari|Points 1361|
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Asked 6/24/2013 6:12:30 PM
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