The US Post Office Is Charged with Carrying the Mail but but Must

question 44

Short Answer

The U.S. Post Office is charged with carrying the mail but must also make sufficient revenue through its services to pay for itself, like any other business. Because of this, it could best be described as a government ______.

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Definitions:

Non-Cartel Members

Companies or nations that are not part of a cartel, an association of producers that seek to control production, pricing, and marketing of a product.

Marginal Cost

The escalation in cumulative costs incurred from creating an additional unit of a good or service.

Competitive Supply Curve

A graphical representation showing the quantities of a good or service that a firm is willing to supply at different prices in a competitive market.

Dominant Firm

A firm that has a large share of the total sales in a particular market, giving it significant control over the market.