An agreement among railroad company owners to not let prices fall below a certain amount was

History

1 answer:

tigry1 [53]3 years ago

8 0

Answer:

B. monopoly

Explanation:

Horizontal monopoly agreement is a form of agreement in which the various firms or companies in the same competitive industry form and arrangement to destroy or reduce competition greatly.

Hence, in this situation, an agreement among railroad company owners to not let prices fall below a certain amount is a perfect example of a Horizontal Monopoly Agreement, which is a form of Monopoly.

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The answer you are looking for is the third one!

Have a great day!

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