Discrepancy of Quantity Means

question 44

Multiple Choice

Discrepancy of quantity means

• A)some consumers buy more products than others.
• B)there are more consumers than producers.
• C)some manufacturers can produce more products than others.
• D)the difference between the quantity of products it is economical for an individual producer to make and the quantity normally wanted by individual consumers or users.
• E)that demand is greater than what a company can supply.

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Definitions:

European Commission

An institution of the European Union responsible for proposing legislation, implementing decisions, upholding the EU treaties, and managing the day-to-day operations of the EU.

Trustbusters

Refers to government officials or policies that aim to break up or regulate monopolies and ensure competition in the marketplace.

FTC Act

Legislation established to prevent unfair competition, deceptive acts, and regulate antitrust.

Sherman Act

A landmark federal statute in the field of United States antitrust law passed by Congress in 1890 to preserve competitive market conditions by prohibiting monopolies, cartels, and trusts.