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Which of the following statements is true of concerted activities? They are performed by state governments to restrict monopolization. They are only legal if a

Which of the following statements is true of concerted activities?

They are performed by state governments to restrict monopolization.

They are only legal if a firm has monopoly power.

They are illegal as they are never beneficial to the society.

They are only legal when firms have a vertical territorial agreement.

They reduce competition.

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