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Which statement is wrong? a. Price-fixing is illegal. b. The government scrutinizes any proposed merger in an industry to make sure it would not reduce
Which statement is wrong?
a. Price-fixing is illegal.
b. The government scrutinizes any proposed merger in an industry to make sure it would not reduce competition in that industry. c. Two industries that have the same four-firm concentration ratio must be equally concentrated.
d. The first major anti-trust law -- the Sherman Act of 1890 - is still being invoked in anti-trust cases.
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