Whatsamatter U

question 65

Multiple Choice

Whatsamatter U.has just fired Mike,professor who has been very critical of the administration,even though he has been a very effective and popular professor.He has also won numerous awards for his research.A school that Mike has applied to has asked for a reference and the president of Whatsamatter U.,intending to hurt Mike's career,replies by letter that Mike was a poor teacher,hated by his students and did research of questionable quality.Mike does not get the job because of the poor reference.If Mike finds out about the reference,he can likely succeed in suing on the basis of:

• A) disparagement.
• B) libel
• C) slander.
• D) disparagement and libel
• E) disparagement and slander

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Definitions:

Natural Monopolist

A single supplier that can serve the entire market at a lower cost than two or more competing suppliers.

Maximum Price

A price ceiling set by the government to prevent prices from soaring to levels that are too high for most consumers to afford.

Profit-maximizing Level

The output level at which a firm achieves the highest profit, where marginal cost equals marginal revenue.

Pure Monopolist

A single seller in a market that produces a unique product or service without close substitutes, controlling the entire supply.