Examlex
In a circular-flow model, firms demand all of the following except
Marginal Cost
The increase in cost that arises from an additional unit of production.
Sherman Act
A landmark federal statute in the field of United States antitrust law passed in 1890 that prohibits certain business activities that reduce competition in the marketplace.
Clayton Act
A U.S. antitrust law aimed at increasing competition by preventing unfair trade practices and monopolies.
Federal Trade Commission Act
A U.S. federal law established in 1914 to prevent unfair or deceptive business practices, including anti-trust laws, to promote fair competition.
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