North Mining Company and South Excavation Company agree to abide by the decisions of East Coast Financial Corporation as to their respective levels of production,markets,and prices,effectively reducing competition and increasing profits.This is most likely

Question

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The agreement between North Mining Company and South Excavation Company to abide by the decisions of East Coast Financial Corporation and reduce competition is likely an illegal restraint on trade, as it eliminates competition and leads to increased profits. This type of agreement is generally prohibited by antitrust laws.

North Mining Company and South Excavation Company Agree to Abide