Joe is the president of a large but struggling corporation.In order to ensure profits,he secretly contacts several of his competitors and gets them all to agree to charge the same prices for their products.This practice is an example of

A) a fraud.
B) an antitrust violation.
C) phony assets
D) deceptive but not illegal practice.

Antitrust Violation

An antitrust violation occurs when business practices harm competition or result in monopolistic practices, going against laws designed to protect trade and commerce from unfair restraints.

Phony Assets

Assets that appear to have value but are actually worthless or significantly overvalued, often associated with fraudulent financial activities.