Which of the Following Statements Is False

question 115

Multiple Choice

Which of the following statements is false?

• A)Anti-trust laws make most cartels illegal in the U.S
• B)Formation of a cartel ensures that each firm will earn greater profits than without a cartel
• C)Cartels maximize joint profits not individual firm profits
• D)Professional sports leagues insure the stability of teams by cooperating through cartel arrangements
• E)Cartels are difficult to maintain when cheating is possible

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Definitions:

Predictor Variable

A variable that is used in statistical models to predict the outcome of a response variable.

Correlations

A statistical measure that indicates the extent to which two or more variables fluctuate together, showing the strength and direction of a relationship between them.

Absolute Values

The non-negative value of a number regardless of its sign; it represents the distance of a number on the number line from zero.

Multiply

To increase a quantity by another quantity, a basic mathematical operation involving the addition of a number to itself a specified number of times.