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The National Labor Relations Act of 1935 and the Fair Labor Standards Act of 1938 forced employers to
Monopoly Position
A situation in which a single company or entity has exclusive control over a particular market or industry, eliminating competition.
Lower Prices
A decrease in the general level of prices of goods and services, making them more affordable to consumers.
Additional Units
Incremental amounts or quantities of a good or service produced or consumed, often considered in economic analysis to assess changes in supply, demand, or efficiency.
Demand Curve
A graphical representation showing the relationship between the price of a good or service and the quantity demanded by consumers, typically downward sloping from left to right.
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