If Marginal Utility from Consuming an Extra Unit of a Good

question 62

True/False

If marginal utility from consuming an extra unit of a good is positive,then the consumer's total utility must increase as more of the good is consumed.

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Definitions:

Industry Structure

The characteristics and organization of an industry, including the number and size of companies, entry barriers, and level of competition.

Herfindahl Index

An economic measure of market concentration that sums the squares of the market shares of all firms within the industry.

Conglomerate Merger

A union of companies engaged in entirely different businesses, often to diversify portfolio risks and leverage managerial expertise across industries.

Antitrust Scrutiny

The examination and monitoring of companies and their practices by government agencies to ensure they do not engage in anti-competitive behavior, violating antitrust laws.