Final answer:
It is true that the corpus luteum produces high amounts of progesterone and estrogen almost immediately after it is formed, being essential for the reproductive cycle and potential pregnancy.
Step-by-step explanation:
The statement that the corpus luteum produces high amounts of progesterone and estrogen almost immediately after it is formed is true. Following ovulation, the corpus luteum is developed from the remnants of the ovarian follicle. It is an endocrine structure that plays a critical role in the female reproductive cycle by secreting both progesterone and estrogen, which are crucial for maintaining the lining of the uterus and preparing it for a potential pregnancy. Progesterone levels, in particular, rise significantly during the luteal phase of the ovarian cycle and the secretory phase of the uterine cycle, while estrogen levels rise before ovulation and continue to be produced by the corpus luteum post-ovulation.