To Two Hunters, a Deer Running in a Forest Is

question 93

Multiple Choice

To two hunters, a deer running in a forest is

• A) nonrival and nonexcludable.
• B) nonrival and excludable.
• C) rival and nonexcludable.
• D) rival and excludable.

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Definitions:

Trade Usage

Common practices or customs within a particular industry, which can sometimes be recognized as legally binding in contractual agreements.

Express Warranty

A promise or guarantee made by a seller regarding the quality, functionality, or condition of a product, specifically stated to the buyer.

Implied Warranty

A legal term for the assurance that a product is fit for its intended purpose, even if not expressly stated.

Physical Nature

The inherent material or structural qualities of something, especially as opposed to its conceptual or virtual aspects.