The Water Quality Act of 1987 Embodies Revisions to the Clean

question 1

True/False

The Water Quality Act of 1987 embodies revisions to the Clean Water Act of 1977.

---

Definitions:

Marginal Cost

The spending necessary to fabricate one more unit of a good or service.

Herfindahl-Hirschman Index

An index measuring the level of concentration in a market, calculated by summing the squares of the market shares of all competitors.

Antitrust Division

A government department responsible for enforcing laws that promote competition and prevent monopolies and anti-competitive practices.

Industry Concentration

The extent to which a small number of firms dominate the total sales, production, or capacity of an industry.