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InU.S. v. Allmendinger, involving an insurance scam run by Allmendinger and others, Allmendinger received a much longer prison sentence than a co-conspiriator, which he appealed. The appeals court held that the sentence:
Monopsonistic Employer
A market situation where a single buyer substantially controls the market as the major purchaser of goods and services offered by many would-be sellers.
Minimum-Wage Legislation
Laws set by governments to establish the lowest amount that employers can pay their workers per hour.
Deflationary
Pertaining to or causing a decrease in the general price level of goods and services, often leading to increased purchasing power of money.
Bilateral Monopoly
A market structure where a single buyer (monopsony) faces a single seller (monopoly), leading to unique negotiation dynamics for prices and terms of exchange.
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