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9. Which statement is false? (LO1) a) The cigarette and auto industries have high concentration ratios. b) OPEC is a cartel. c) Most oligopolies engage

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9. Which statement is false? (LO1) a) The cigarette and auto industries have high concentration ratios. b) OPEC is a cartel. c) Most oligopolies engage in outright collusion. d) None of the above. 10. The electric machinery case involved (LO2) a) a cartel c) cutthroat competition b) covert collusion d) none of the above

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