What is Group Boycott in a real estate context?

In the context of real estate, a group boycott refers to an agreement among competitors not to engage in business dealings with a particular individual or other businesses, often in response to perceived unfair practices or to enforce changes in business conduct. This tactic can significantly impact market dynamics, as it discourages cooperation and can restrict market access for the targeted party, potentially leading to monopolistic behaviors or anti-competitive practices.

Understanding this concept is crucial in real estate and business ethics, as group boycotts can violate antitrust laws intended to promote fair competition. This is why option C accurately captures the essence of a group boycott, highlighting the nature of the agreement among competitors and its implications for business practices.