Which of the Following Is INCORRECT Regarding Zoning

question 13

Multiple Choice

Which of the following is INCORRECT regarding zoning?

• A) Zoning can be used to regulate private property,but not to "take" it.
• B) A variance permits an otherwise impermissible use of the property.
• C) A zoning ordinance needs no reasonable relationship to public health,safety,or morals to be upheld.
• D) A nonconforming use may be permitted where property was so used prior to adoption of the zoning ordinance.

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Definitions:

Purely Competitive Market

A market structure characterized by a large number of buyers and sellers, homogeneous products, and free entry and exit, leading to price taking behavior.

Purely Competitive Firm

A company operating in a market where there are many buyers and sellers offering homogeneous products, leading to the inability to influence market price.

Total Revenue

The total income received by a firm from the sale of its goods or services.

Marginal Revenue

Marginal revenue is the additional income generated from selling one more unit of a good or service.