If three residential cleaning service companies agree to reduce the number of homes they clean each month in an effort to raise the price for the service, this is an example of_______ .

Question

Quizplus · Accepted Answer

The agreement between the cleaning service companies to reduce the number of homes they clean each month is an example of output restrictions, where the companies limit the amount of output in order to increase prices. This is a violation of antitrust laws as it can lead to anti-competitive behavior and harm consumers.

If Three Residential Cleaning Service Companies Agree to Reduce the Number