Two pharmacies agreed to serve a particular section of the town by offering medicines at lower prices in order to create monopoly and discourage competition among other stores. This would be a(n):

Question

Quizplus · Accepted Answer

The given scenario describes an agreement between two pharmacies to set lower prices and create a monopoly, which goes against fair competition. This type of agreement is known as an "agreement in restraint of trade" and is considered illegal under antitrust laws.

Two Pharmacies Agreed to Serve a Particular Section of the Town