Examlex
When the effect of an antitrust violation is to raise prices:
Excess Capacity
A situation where a firm is operating below its maximum output level, indicating that the company can produce more goods with the existing resources if there is higher demand.
Marginal Cost
The rise in overall expenses incurred from the production of an additional single unit of a product or service.
Demand Schedule
A table that shows the quantity of a good or service that consumers are willing and able to purchase at various price levels at a given time.
Profit-Maximizes
The strategy or action by a firm to adjust its production and pricing to achieve the highest possible profit.
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