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If a Tortfeasor Did Not Act Intentionally but Nevertheless Failed

question 105

Short Answer

If a tortfeasor did not act intentionally but nevertheless failed to act in a way a reasonable person would have acted,then _____ has taken place.


Definitions:

Market Price

The present rate at which an asset or service is being offered for sale or purchase in the open market.

Product Price

The monetary cost of a good or service in the marketplace.

Profit-Maximizing

The process by which a company determines the price and output level that generates the maximum profit.

Marginal Cost

The increased cost resulting from the production of one more unit of a product or service.

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