In Determining Whether Increased Imports Are a Substantial Cause of Serious

question 41

Multiple Choice

In determining whether increased imports are a substantial cause of serious injury, the ITC does not consider:

• A) unemployment or underemployment in the industry.
• B) growing inventories.
• C) overall economic trends.
• D) an actual increase in imports or in market share held by imports.
• E) all of the above are considerations.

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Definitions:

MR = MC

The condition under which profit is maximized, where marginal revenue equals marginal cost.

P > MC

Indicates a situation where the price of a good is greater than the marginal cost of producing it, suggesting a potential for profit.

Monopolistically Competitive

A market structure characterized by many sellers offering differentiated products, leading to some degree of market power but still allowing for competition.

Efficient Use

The optimal utilization of resources to achieve the highest possible output or satisfaction with the least possible waste.