Two Shipping Companies, Primarily Involved with the Transport for Oil

Multiple Choice

Two shipping companies, primarily involved with the transport for oil, decide to sign an agreement fixing their carrier prices. A court reviewing this conduct:

A) will hold the agreement as a per se violation of the antitrust laws.
B) will declare the conduct as a reasonable restraint on trade.
C) will use the rule of reason approach to decide on its unreasonableness.
D) will hold the agreement valid as per the Sherman Antitrust Act.