An Enabling Statute Is A(n)

question 209

Multiple Choice

An enabling statute is a(n) :

• A) unofficial mandate passed by Congress granting powers to an agency
• B) local law passed by the local legislature granting powers to an agency
• C) state law passed by the state supreme court granting powers to an agency
• D) state law passed by the state legislature granting powers to an agency
• E) none of the other choices are correct

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Definitions:

Barriers

Obstacles that prevent new competitors from easily entering an industry or area of business.

Decision Variable

A variable, often under the control of a decision-maker, which influences the outcome of an optimization problem.

Market Structure

The organizational and characteristic features of a market, including the level of competition and number of participants.

Market Structure

Market Structure refers to the organizational and other characteristics of a market, largely influencing the nature of competition and pricing within the market.