If the Market for Salmon Is in Equilibrium, There Is

question 97

True/False

If the market for salmon is in equilibrium, there is not a shortage or a surplus of salmon.

---

Definitions:

Federal Trade Commission

A United States government agency responsible for preventing unfair or deceptive business practices and protecting consumer rights.

Standard of Care

A diagnostic and treatment process that a clinician should follow for a certain type of patient, illness, or clinical circumstance.

Bailee's Liability

Refers to the legal responsibility of a bailee, who temporarily holds custody of another's property, to take care of that property.

Gratuitous Bailment

A gratuitous bailment occurs when one party, the bailor, temporarily transfers possession of property to another, the bailee, without expectation of payment or benefit.