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Which of the following prohibits employers and unions from entering into agreements requiring union membership as a condition of employment?
Marginal Cost
The amount spent on producing an incremental unit of a product or service.
Output
Refers to the amount of product or service produced within a given period by a firm, industry, or country.
Fixed Costs
Expenses that do not change with the level of production or business activity, such as rent, salaries, and utility charges.
Marginal Cost
The charge for the production of one additional unit of a product or service.
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