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Oil Industries Inc

Question 68

Multiple Choice

Oil Industries Inc. and Petro Corporation are competing refineries situated on the Gulf coast. The two firms cooperate to obtain federal funds to build a levee that could protect their facilities from rising sea levels. With respect to antitrust law, this effort is


A) a violation because it is "objectively baseless."
B) a violation because funds will be spent for an anticompetitive purpose.
C) a violation because it involves a conspiracy to affect market power.
D) exempt from antitrust enforcement.

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