Yazaki,an auto parts manufacturer,made agreements with three competitors to decide in advance who would bid on contracts with auto manufacturers and what the price would be.The auto parts manufacturers then took turns winning various contracts.Which of the following statements is correct?
A) The companies engaged in resale price maintenance.
B) The companies created a monopsony.
C) The companies were involved in a tying arrangement.
D) The companies were involved in divvying up the market and price-fixing.
Correct Answer:
Verified
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