Examlex
By 1900, the average yearly income of American workers
Collusive Behavior
Actions among firms to limit competition, set prices, or otherwise interfere with free market operations, often illegally or in secret.
Cartel
An association of independent businesses organized to regulate production, pricing, and marketing of goods by the members to monopolize a market.
Economic Efficiency
A state where resources are allocated in a manner that maximizes the production of goods and services without wasting any resources.
Economies of Scale
Financial advantages gained by firms due to their operational size, where a greater volume of production usually correlates with a lower cost for each output unit.
Q5: Advocates of the "New South"<br>A)opposed using Northern
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Q44: By the 1750s, American colonial assemblies<br>A)exercised a
Q49: On April 14, 1861, Fort Sumter surrendered
Q56: In 1861 Congress passed the _ Act,
Q58: The Battle of Fredericksburg proved to be
Q67: A major federal victory occurred in April
Q69: To entice new workers to the colony,
Q100: In his books, Horatio Alger<br>A)offered true accounts