Examlex
Which of the following is a characteristic of a monopoly?
Liability Problem
An issue arising from being legally responsible for something, especially in terms of debts or legal penalties.
Fiduciary Duty
A legal obligation of one party to act in the best interest of another when entrusted with particular responsibilities, common in relationships such as trustee and beneficiary, or agent and principal.
Federal Government
The national government of a federated country, where powers are divided between central federal authorities and various constituent regions or states.
Principle of Ratification
The acceptance and confirmation by a principal of an act performed on their behalf by another, who didn't have the authority to act in the first place.
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