Question: Question 1 ( 5 points ) Three farm - equipment distributors control 9 0 percent of the market for their products in Texas. The firms

Question 1(5 points)
Three farm-equipment distributors control 90 percent of the market for their products in Texas. The firms agree, amongst themselves, to sell their products for the same prices. This is
permissible as such is an intrastate agreement.
price fixing.
a tying arrangement.
a legitimate profit maximization tactic.
a resale price maintenance agreement.
Question 1(5 points) Three farm-equipment distributors control 90 percent of the

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