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Which of the following statements a) , b) or c) is false?
Collusion
An agreement between two or more parties, usually firms, to limit competition by setting prices, production levels, or dividing markets, often in a way that breaches antitrust laws.
Natural Monopolies
Companies or industries that exhibit decreasing average costs over a large range of output, making it inefficient for new entrants to compete.
Public Goods
Goods that are non-excludable and non-rivalrous, meaning they can be enjoyed by anyone and use by one person does not reduce availability to others.
National Defense
Governmental actions and strategies aimed at protecting a country from external threats and ensuring national security.
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