Use the following statements to answer this question: I. Cartel activities like price fixing and other forms of collusion are never allowed under U.S. antitrust laws.
II) The Sherman Act applies to all firms that operate in U.S. markets, but the law does not apply to foreign governments.

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I is false because there are very limited circumstances under U.S. law where cartel activities might be allowed, such as within certain joint ventures or when explicitly permitted by law. II is true because the Sherman Act does apply to all firms operating within U.S. markets, including foreign firms, but it does not apply to the actions of foreign governments.

Use the Following Statements to Answer This Question: I