An Agreement Among Businesses at the Same Level of Industry

Multiple Choice

An agreement among businesses at the same level of industry to fix prices is:

A) legal if the parties mutually agree (no duress) to lower their prices
B) legal if the price set is reasonable to consumers
C) usually illegal per se under the antitrust laws
D) illegal unless the primary customers of the firms agree with the move
E) legal if the FTC participated in the decision