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The ________ Is the Share of Industry Output in Sales

question 153

Multiple Choice

The ________ is the share of industry output in sales or employment accounted for by the top firms in an industry.


Definitions:

Civil Rights Act of 1964

Landmark federal legislation in the United States that outlawed discrimination based on race, color, religion, sex, or national origin, particularly in voter registration, schools, and public accommodations.

Discrimination

The unjust or prejudicial treatment of different categories of people or things, especially on the grounds of race, age, sex, or disability.

LMRA

The Labor Management Relations Act of 1947, also known as the Taft-Hartley Act, a statute that protects unions' rights in the United States while imposing certain restrictions on their activities.

Closed Shop

A form of labor agreement in which an employer agrees to hire union members only, and employees must remain members of the union at all times.

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