Justin Is a Federal Judge Who Has Just Been Assigned

question 6

Multiple Choice

Justin is a federal judge who has just been assigned a case.After looking over the details, he notices that he once worked on this same case while employed at one of the law firms involved in the case.Which of the following will result?

• A)Justin will be disqualified from the case.
• B)Justin will serve as whistleblower on the case.
• C)Justin will perpetuate the code of silence.
• D)Justin will invoked accepted lying and preside over the case.

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Definitions:

Perfectly Competitive

A market structure characterized by a large number of small firms, identical products sold by all firms, and no barriers to entry or exit.

Profit-Maximizing

A strategy or process by which a company seeks to achieve the highest possible profit through its operations and pricing.

Factor Market

The factor market is the marketplace for the services of factors of production (labor, capital, land, and entrepreneurship) where these services are bought and sold.

Marginal Product

The increase in output that results from employing one more unit of a production factor, holding all other factors constant.