Leakage from a Gold Mine's Tailings Pond Eventually Leached Through

question 59

Multiple Choice

Leakage from a gold mine's tailings pond eventually leached through the soil,contaminating the groundwater system with high levels of cyanide.Dairy farmers in the region suffered heavy losses from the illness in their herds caused by the poisoned well water.With respect to the right to use and enjoy land,which of the following would a lawyer advising the farmers likely suggest as grounds for an actionable tort?

• A) a nuisance action on the grounds of unreasonable and substantial interference
• B) a negligence action on the grounds of breach of promise of absolute safety
• C) a nuisance action on the grounds of temporary interference with property
• D) a trespass action on the grounds of interference with property rights

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Definitions:

Profit-Maximizing

The strategy or approach adopted by a company to increase its earnings to the highest possible level.

Perfectly Competitive

A market structure where there are many buyers and sellers, all of whom have full and symmetric information, and there are no barriers to entry or exit.

Level of Output

The total quantity of goods or services produced by a firm, industry, or economy within a specific period.

Average Total Cost

The total cost of production divided by the total quantity produced.