A ____ occurs when the businesses involved operate at the same level of the market and generally in the same market.

Question

Quizplus · Accepted Answer

Horizontal restraint of trade occurs when businesses at the same level of the market and in the same market actively engage in preventing competition, such as price-fixing or market allocation. A vertical restraint of trade involves businesses at different levels of the market, such as a manufacturer controlling the sale of its products through distributors. A cartel is a group of businesses that collude to control prices and output. A monopoly occurs when only one business operates in a particular market. A vertical merger involves businesses at different levels of the market merging, such as a manufacturer merging with a distributor.

A ____ Occurs When the Businesses Involved Operate at the Same