In the United States, a collusive agreement to restrict output and increases prices is
A) legal.
B) the key tool used by oligopolists.
C) illegal.
D) the key tool used by monopolistic competitors.

Question

Quizplus · Accepted Answer

Collusive agreements to restrict output and increase prices are illegal in the United States under antitrust laws, which aim to promote competition and prevent monopolistic practices.

In the United States, a Collusive Agreement to Restrict Output