During the Nineteenth Century, the Sherman Antitrust Act

question 3

Multiple Choice

During the nineteenth century, the Sherman Antitrust Act

• A)successfully dissolved the ten largest corporations in the United States.
• B)was declared unconstitutional by the Supreme Court.
• C)was never used at all.
• D)was used by big business to break up unions and strikes.
• E)failed to pass either house of congress.

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Definitions:

Output

The total amount of goods or services produced by a person, machine, or industry.

Total Fixed Cost

The sum of all expenses that remain constant regardless of the level of production or output in a business operation.

Average Fixed Cost

the total fixed costs divided by the number of units produced, illustrating how fixed costs dilute with increased production.

Average Variable Cost

The total variable costs of production divided by the number of units produced, representing the variable cost per unit.