Examlex
Which of the following types of union shops was made illegal because it required employees to join the union before they were even hired?
Change
The act or process of becoming different, which can apply to a wide variety of contexts, including physical alterations, shifts in ideas, or modifications in systems.
Average Total Cost
The total cost of production divided by the number of goods produced, representing the average cost per unit of output.
Diseconomies of Scale
A situation where as a firm grows larger, the costs per unit increase, due to factors like coordination and operational inefficiencies.
Diminishing Returns
A principle stating that adding more of one factor of production, while holding others constant, will at some point yield lower incremental per-unit returns.
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