Joe is the president of a large but struggling corporation.In order to ensure profits,he secretly contacts several of his competitors and gets them all to agree to charge the same prices for their products.This practice is an example of
A)a fraud.
B)an antitrust violation.
C)phony assets
D)deceptive but not illegal practice.

Question

Quizplus · Accepted Answer

This practice is an example of an antitrust violation, specifically price fixing, which is illegal under antitrust laws. It is an agreement among competitors to set prices at a certain level, which can decrease competition and harm consumers.

Joe Is the President of a Large but Struggling Corporation