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:

Triiodothyronine

A thyroid hormone, also known as T3, that plays an important role in the body's control of metabolism.

Anterior Pituitary

A part of the pituitary gland responsible for releasing hormones that regulate various bodily functions, including growth, metabolism, and reproduction.

Hypothalamus

A region of the brain responsible for the regulation of certain metabolic processes and other activities of the autonomic nervous system.

Bloodstream

The circulating fluid through the blood vessels that carries oxygen, nutrients, and wastes throughout the body.