Nonrival Private Goods Are Likely to Have ________ Fixed Costs

question 163

Multiple Choice

Nonrival private goods are likely to have ________ fixed costs and ________ marginal costs.

• A) small; large
• B) small; small
• C) large; small
• D) large; large

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Definitions:

Union Elections

A process by which workers vote to decide whether or not they wish to be represented by a labor union.

NLRB

The National Labor Relations Board, an agency created to enforce U.S. labor laws in relation to collective bargaining and unfair labor practices.

Supervisor

An individual in a position of authority who oversees and directs the work of others, ensuring tasks are completed efficiently and effectively.

Captive Audience Meeting

A meeting where employees are required to attend, often used by employers to present information or views, particularly during union organizing efforts.