Examlex
In one natural experiment investigating weight-gain during the first year of college, it was found that female students who were assigned to dormitories with on-site dining facilities gained more weight and exercised less than students who were assigned to dormitories without food services.
Marginal Cost
The increase in total cost that arises from producing one additional unit of a good or service, a critical factor in economic decision-making.
Predatory Pricing
Practice of pricing to drive current competitors out of business and to discourage new entrants in a market so that a firm can enjoy higher future profits.
Antitrust Laws
Legislation designed to regulate the conduct of businesses to promote fair competition for the benefit of consumers, preventing monopolies and practices that restrict trade.
Price Fixing
An illegal or regulated agreement among competitors to maintain a certain price level for goods or services, often leading to less competitive markets and higher prices for consumers.
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