A(n) ____ occurs when firms competing at the same level of business reach an agreement to divide the market on geographic or other terms.

Question

Quizplus · Accepted Answer

A horizontal restraint of trade, also known as horizontal market division, occurs when competing firms at the same level of business agree to divide the market on geographic or other terms. This is prohibited by antitrust laws as it reduces competition and harms consumers.

A(n) ____ Occurs When Firms Competing at the Same Level