If an Employee Dies in a Work-Related Incident,the Employer Must

question 33

True/False

If an employee dies in a work-related incident,the employer must notify OSHA within eight hours.

---

Definitions:

Two Firms

Refers to a market situation often analyzed in oligopoly models where only two companies dominate the supply in the market.

Industry

A group of companies that operate in a specific sector of the economy, producing goods or services.

Cartel

A group of producers that agree to control prices and output levels to maximize collective profits, often at the expense of competition.

Industry Profits

The total earnings of companies within a particular sector, after subtracting the costs of production and operation.