Examlex
What term is defined as using racial influence over police discretion by targeting individuals for investigation or law enforcement based primarily on their race?
Market Demand Curve
A graphical representation showing the relationship between the price of a good and the total quantity of the good that all consumers in the market are willing to purchase at that price.
Profit-maximizing Output
The point of production where a company attains its maximum profit, occurring when marginal revenue is equal to marginal cost.
Tacit Collusion
Collusion occurs when price- and quantity-fixing agreements among producers are explicit. Tacit collusion occurs when such agreements are implicit.
Quantity-fixing
The determination of the quantity of a product or service to be produced or provided, often in the context of collusive agreements or regulatory mandates.
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