Fact Pattern 46-1B (Questions B4-B5 apply)
Natural Gas, Inc., and Olio Energy Company refine and sell natural gas. To limit the supply of natural gas on the market and thereby raise prices, Natural Gas and Olio Energy agree to buy "excess" supplies from dealers and "dispose" of it.
-Refer to Fact Pattern 46-1B. The agreement between Natural Gas and Olio Energy is

Question

Quizplus · Accepted Answer

The agreement between Natural Gas and Olio Energy to limit the supply of natural gas through purchasing excess supplies and disposing of it is a horizontal restraint. This is because it involves an agreement between two competitors in the same market to restrict supply and raise prices, which is a violation of antitrust laws.

Fact Pattern 46-1B (Questions B4-B5 Apply)