Select the Word or Phrase in the Sentence That Is

question 59

Multiple Choice

Select the word or phrase in the sentence that is NOT used correctly.
If you tell Shirley you were a Willie Nelson fan, she would have given you her spare ticket.

• A)spare
• B)given
• C)were
• D)tell

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Definitions:

Cartel

A group of independent market participants who collude to control prices and production in order to monopolize a market.

Fixed Cost

Costs that do not change with the level of output, such as rent or salaries.

Cartel

A formal agreement among competing firms to control prices or exclude entry of a new competitor in the market, often resulting in higher prices.

Marginal Cost

Marginal Cost is the cost of producing one more unit of a good or service, a crucial concept in economics for decision-making and pricing strategies.