STATEMENT A: A Webb$-$Pomerene association is a group of U$.$S$.$ firms that operate within the same industry that are allowed by law to coordinate the export activities without fear of violating U$.$S$.$ law. STATEMENT B: Export merchants are intermediaries who take title to and possession of the products they carry.

Statement $A$ is true; statement $B$ is false.

Statement $B$ is true; statement $A$ is false.

Both statements are false.

$$ Both statements are true.