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Why Was the Average Duration of Strikes in 1976 Unusually

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Why was the average duration of strikes in 1976 unusually low,despite the large number of person- days lost to strikes that year?


Definitions:

Compliance Costs

Expenses that businesses incur to adhere to industry regulations, standards, and laws, including the costs of implementing necessary procedures and reporting.

Horizontal Price-fixing

An illegal agreement between competitors to fix, raise, or lower prices of goods or services at a certain level, stifling competition.

Harper Collins

A major publishing company known for producing a wide range of books, magazines, and digital content across various genres.

Antitrust Cases

Legal disputes that arise when government entities investigate and challenge business practices that threaten to monopolize a market or restrict competition.

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