Dredge Inc. is the major wholesale distributor of heavy equipment in the state of Texas. Its closest competitor is Excavator Company, another Texas firm. The two firms agree that Excavator will operate in east Texas and Dredge will operate in west Texas. This is
A) a group boycott.
B) a market division.
C) a price-fixing agreement.
D) a trade association.
Correct Answer:
Verified
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