Simplify. -

question 89

Multiple Choice

Simplify.
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Definitions:

Unemployment

A situation where individuals who are capable of working and willing to work cannot find employment.

Cartel

A group of firms acting in unison

Market Power

The ability of a single economic actor (or small group of actors) to have a substantial influence on market prices.

Employer Association

An organization of employers united to promote and protect their common interests, typically related to labor and employment issues.