The Decline in Strike Activity Since the 1980's Can Be

question 64

Multiple Choice

The decline in strike activity since the 1980's can be attributed to all of the following except:

• A) Strikes track the business cycle and business is less cyclical today than in the 1980's.
• B) Both parties have better information today than in the past.
• C) There is increased resistance by management.
• D) There is less uncertainty in important market forces like inflation.

---

Definitions:

Cutthroat Competition

An extremely aggressive competition where companies use strategies to undercut their rivals' prices.

Cartel

A coalition of producers or vendors aimed at keeping prices elevated by limiting competitive practices.

Concentration Ratio

Concentration ratio is a measure of the total output produced in an industry by a given number of firms, indicating the level of market competition.

Sales

The activities involved in selling goods or services to consumers or other businesses, generating revenue.