Because of Concerns by Elected Officials That Newly Enacted Laws

question 41

Short Answer

Because of concerns by elected officials that newly enacted laws enjoy popular support,it is accurate to say the lawmaking is a ___________ process.

---

Definitions:

Joint Profits

The total earnings generated by two or more firms collaborating in a venture or partnership.

Marginal Cost

The uplift in total expenditure caused by the production of one more unit of a product or service.

Fixed Cost

Costs that do not change with the level of output produced, such as rent, salaries, and insurance.

Cartel

An agreement among competing firms to control prices or exclude entry of a new competitor in the market, often resulting in higher prices and restricted supply.