Which Is Constitutionally Prohibited in the United States

question 89

Multiple Choice

Which is constitutionally prohibited in the United States?

• A)Orderly marketing arrangements
• B)Export tariffs
• C)Import tariffs
• D)Nontariff barriers

---

Definitions:

Monopolistic Competition

A market structure characterized by many firms selling products that are similar but not identical, allowing for competition based on quality, price, and brand.

Oligopoly

An oligopoly is a market structure in which a few firms dominate the industry, leading to limited competition.

Average Total Cost

Total cost divided by the quantity of output

Marginal Cost

Additional costs associated with the production of one more unit of a product or service.