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The First Mass-Produced __________, Levittown, Opened in an Unincorporated Area

question 69

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The first mass-produced __________, Levittown, opened in an unincorporated area on Long Island in 1951. By the time it was finished in 1958, there were 17,311 houses, plus shopping areas, churches, and recreation centers.


Definitions:

Price-Fixing

An illegal agreement among competitors to fix prices, set output levels, or divide markets, aimed at increasing profits by reducing competition.

Product Design

The process of creating a new product to be sold by a business to its customers, encompassing concept, development, and manufacturing stages.

Regulation

Rules or directives made and maintained by an authority to regulate behavior, usually in the form of laws or regulations.

High Profits

Significant financial gains exceeding the average or expected profit margins in a business's operations.

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