Examlex
To answer the following questions, refer to the database below.
-Normalization is an optimization process that minimizes which of the following?
Normative Economics
The part of economics involving value judgments about what the economy should be like; focused on which economic goals and policies should be implemented; policy economics.
Cheating On Agreements
The act of knowingly violating the terms of an agreement or contract, often to gain an unfair advantage or benefit.
Cartels
Formal agreements among competing firms to control prices or exclude entry of a new competitor in a market.
Entry Barriers
Obstacles that prevent or hinder new competitors from easily entering an industry or area of business.
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