Gorhan Construction,Brighton Bros.,and Tirenn Construction agreed that on three upcoming projects,Gorhan would bid lowest on one,Brighton would submit the lowest bid on the second project,and Tirenn would submit the lowest bid on the third project.In this way,they would each be assured of work for the upcoming season.This behavior:

Question

Quizplus · Accepted Answer

The behavior described is an example of bid rigging, which is considered a per se violation of the Sherman Act. It involves competitors agreeing among themselves to manipulate the bidding process to eliminate competition and increase their profits. This behavior is illegal and is subject to antitrust penalties.