Difficulty: Easy
Average Score: 91%

A small town has four different real estate brokerages, who are competitors in the local marketplace. A large brokerage (ABC Brokerage) from a neighboring city puts out ads that say 'List your house with ABC – Commission only 4%.' After a local association meeting, the principal brokers of the four brokerage offices in the small town get together. They all decide that something needs to be done about ABC Brokerage, so they agree that none of them will charge over a 3% commission. What prohibited practice are they planning

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