You will be given a definition of a task first, then some input of the task.
In this task, you will be shown a prompt from a judicial decision and multiple holding statements derived from citations following text in a legal decision.  Holdings represent the governing legal rule when the law is applied to a particular set of facts. There are five answer choices for each citing text. The correct answer is the holding statement that corresponds to the citing text. The four incorrect answers are other holding statements. You should find the correct option. There is a <HOLDING> token in the position of the citing text prompt where the holding statement was extracted.

conflict with the long-term interests of the league as a whole. That is, the policy avoids a detrimental conflict of interests between team shareholders and the league. We disagree, however, that these factors are sufficient to establish as a matter of law that the NFL’s ownership policy does not unreasonably restrain trade in violation of § 1 of the Sherman Act. The holdings in Broadcast Music, Rothery Storage, and Northwest Stationers, do not throw the “rule of reason” out the window merely because one establishes that a given practice among joint venture participants is ancillary to legitimate and efficient activity — the injury to competition must still be weighed against the purported benefits under the rule of reason. See, e.g., Broadcast Music, 441 U.S. at 24, 99 S.Ct. at 1565 (<HOLDING>); Northwest Stationers, 472 U.S. at 293-98, 105 
 Holding statements: (A) holding that violation of state law was not a per se constitutional violation (B) holding a concerted boycott to be a per se violation of  1 of the sherman act (C) holding that a state as a purchaser of asphalt was a person when suing under the sherman act for restraint of trade (D) holding only that a particular ancillary restraint did not constitute a per se violation of the sherman act and remanding for a determination  of the case under a rule of reason analysis (E) holding that violation of city ordinance does not constitute negligence per se
Output:
(D)