Which Statement Is True

question 95

Multiple Choice

Which statement is true?

• A)Despite the fact that the Wrigley family lost money in the many years they owned the Chicago Cubs,they were operating in the long run since they owned the team for many decades.
• B)There is no way to distinguish between the long run and the short run if a monopoly is making a profit.
• C)The National Football League used legal barriers to maintain its monopoly status up until the development of the American Football League in the early 1960s.
• D)All of the statements are true.

---

Definitions:

Locate a Case

The process of finding information on a specific legal case within court records or legal databases.

West's Key-Number System

A comprehensive system used for organizing American case law by topic, allowing lawyers and researchers to find relevant cases easily.

Case Law

The law as established by the outcome of former cases, serving as an important source of legal precedent for future disputes.

Statute

A written law passed by a legislative body at the federal or state level, formally codified and enacted.