Refer to the scenario above. Phillip should play this game using ________

Antitrust law is law that

A) does not allow individuals to open trust savings accounts. B) prohibits competition in certain industries. C) prohibits certain kinds of market behavior by firms. D) allows firms under special circumstances to be a monopoly.

The owners of professional sports teams, such as those in the NFL, make collective decisions and agreements about sharing merchandising and television revenue, adding or disallowing expansion teams, and the scheduling of games. These decisions and agreements reflect that of a

a. monopoly b. cartel c. conglomerate firm d. vertical merger e. competitive industry