Which of the Following Statements Is TRUE

question 163

Multiple Choice

Which of the following statements is TRUE?
I. A cartel is a single firm with competitive market power.
II. A cartel is a group of firms that practice price discrimination in competitive markets.
III. A cartel is a group of firms that attempt to reduce market output.
IV. A cartel acts as if it were a monopolist in that market.

• A) I only
• B) II, III, and IV only
• C) II only
• D) III and IV only

---

Definitions:

Gender Socialization

The process by which individuals learn and internalize the roles, behaviors, norms, and values expected of them according to their assigned gender.

Biology Is Not Destiny

A phrase highlighting the idea that biological or genetic predispositions do not strictly determine human behavior, choices, or identity.

Reproductive Anatomy

The system of organs and structures in the body involved in producing offspring, including the external and internal sex organs.

Genetic Composition

The unique arrangement of genes within an organism's DNA, determining its hereditary traits and characteristics.