Examlex
Which one of the following is NOT a core labour standard?
Output Level
The quantity of goods or services produced by a firm or economy in a certain period.
Nondiscriminating
A principle or practice that ensures equal treatment and opportunities for all, without biases or prejudices based on irrelevant characteristics.
Pure Monopolist
A single seller in a market with no close substitutes for its product, dictating the market terms and prices.
Profit-Maximizing
A strategy where a firm determines the price and output level that returns the greatest profit.
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