In the United States, the government has antitrust laws to prevent firms from acting like cartels, although the government has created cartels in milk and other agricultural products.

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Quizplus · Accepted Answer

The statement is true. While the United States government has antitrust laws in place to prevent firms from acting like cartels and engaging in anti-competitive practices, there have been instances where the government has created cartels in certain agricultural industries, such as milk. These cartels are typically formed to regulate production and stabilize prices for farmers, but they have also been criticized for limiting competition and potentially harming consumers.

In the United States, the Government Has Antitrust Laws to Prevent