Fill in the correct labels for the following figure using the word bank below.
-C __________
Definitions:
Industrial Regulation
Involves government policies and rules aimed at regulating the activities and standards of specific industries to protect public interest.
Average Total Cost
The total cost of production divided by the quantity produced, representing the cost per unit of output.
Price-fixing
An illegal agreement among competitors to set prices at a certain level, rather than allowing them to be determined by free market forces.
Art Auction Houses
Organizations that facilitate the buying and selling of art pieces through an auction system, often dealing with high-value items.
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