The Concept of "Demand-Determined Output" Requires ________ to Remain Constant

question 96

Multiple Choice

The concept of "demand-determined output" requires ________ to remain constant as output increases.

• A)technology of production
• B)government purchases
• C)firms' unit costs
• D)labour productivity
• E)the ratio of price setters to price takers

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Definitions:

U.S. Justice Department

The federal executive department responsible for overseeing the enforcement of federal laws, including antitrust law, civil rights, and criminal law.

Sherman Act

A landmark federal statute in the field of United States antitrust law passed by Congress in 1890 to prohibit monopolistic business practices.

Restraints of Trade

Legal restrictions or conditions that limit the freedom of businesses or individuals to conduct their trade or business activities unimpeded.

Celler-Kefauver Act

A United States antitrust law passed in 1950, aimed at prohibiting certain types of corporate mergers and acquisitions that reduce competition.