Competitors Can in Fact Enter into an Agreement Whereby Each

Multiple Choice

Competitors can in fact enter into an agreement whereby each will discontinue producing a current product.If the efficiencies created for the market by this "specializing agreement" make up for any lessening of competition,the competitors may

A) freely proceed with the plan to discontinue the product.
B) apply to the Competition Tribunal and obtain approval of the agreement.
C) do nothing to legalize the effect of the specializing agreement.
D) apply for approval of what would otherwise be considered parallel pricing.
E) be liable for engaging in bid-rigging.