Zoe,who Works as a Retail Clerk,wishes to Talk with Her

question 22

Multiple Choice

Zoe,who works as a retail clerk,wishes to talk with her co-workers about organizing a union.Her employer forbids her from talking with other workers about union activity in the presence of customers and threatens to fire her if she joins the union.Does the employer have a legal right to make this threat to Zoe?

• A) Yes, the employer may limit time and place of discussions about union organizing.
• B) Yes, but only if expressly authorized by state law.
• C) No, an employee has the right of free speech at anytime.
• D) No. An employee may limit the time and place of conversation, but may not threaten to fire the employee.

Understand the implications of economies of scale and barriers to entry in creating and sustaining monopolies.

Differentiate the demand curve faced by monopolies from that faced by competitive firms.

Recognize the role of government restrictions, patents, and control over resources in creating monopolies.

Explain the impact of monopolistic decisions on economic efficiency and consumer prices.

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Definitions:

Partnership End

The termination of a partnership agreement, which can occur for various reasons such as the expiry of the partnership term, mutual agreement, or death of a partner.

Fiduciary Duty

An obligation to act in the best interest of another party, typically in a relationship of trust, such as between a trustee and a beneficiary.

Fiduciary Duty

An obligation to act in the best interest of another party, typically in a trustee-beneficiary relationship.

Federal Government

The national government of a federal country that holds the authority to govern the entire nation, as distinguished from state or provincial governments.