Question: 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

9. Which statement is false? (LO1) a) The cigarette and auto

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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