Marginal Utility

question 114

Multiple Choice

Marginal utility

• A)increases as more of a good is consumed
• B)increases as the total utility of consuming a good increases
• C)is the same as the utility of consuming a good
• D)is the same as the utility of consuming an additional unit of a good
• E)is the same for all units of a good,but varies from one consumer to another

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Definitions:

Clayton Act

A U.S. antitrust law, enacted in 1914, aimed at prohibiting certain actions that lead to anti-competitiveness, such as price discrimination, exclusive dealings, and mergers that substantially lessen competition.

Antitrust Violation

An action that contradicts laws established to prevent unfair competition and promote a healthy market environment.

Horizontal Mergers

The combination of two or more companies at the same stage of production in the same or different industries.

Market Share Factor

A measure of the portion of a market controlled by a particular company, product, or brand.