An Oligopoly Is a Market Situation in Which There Is

question 158

True/False

An oligopoly is a market situation in which there is one producer and a few large buyers.

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Definitions:

Taft-Hartley Act

A U.S. federal law enacted in 1947 that restricts the activities and power of labor unions.

Right-To-Work Organizations

Groups that advocate for the legal right of employees to choose whether or not to join or support a labor union in their workplace.

NLRB

The National Labor Relations Board, a US government agency responsible for enforcing US labor law in relation to collective bargaining and unfair labor practices.

Bylaws

Rules that guide a corporation’s day-to-day internal affairs. Also known as regulations.