The Practice of a Group of Firms Negotiating a Uniform

Multiple Choice

The practice of a group of firms negotiating a uniform price and fixing agreed-upon market share in order to limit competition is

A) legal in all states but illegal in Washington, D.C.
B) called conglomerate behavior
C) seldom successful because entry into the industry cannot be denied
D) called collusion
E) less profitable for each firm than maximizing profit individually