Which Statement Best Describes One of the Features of Strict

question 18

Multiple Choice

Which statement best describes one of the features of strict liability?

• A) Strict liability is limited to criminal offences.
• B) Strict liability makes only rare appearances in the law of torts.
• C) Strict liability will only be imposed in cases of vicarious liability.
• D) Strict liability requires the plaintiff to prove carelessness on the part of the defendant.

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Definitions:

Marginal Cost

Marginal cost is the additional cost incurred by producing one more unit of a good or service.

Average Total Cost

The cost of producing all items, when divided by the total amount of items produced, shows the cost for each unit produced.

Average Variable Cost

The cost of variable inputs (e.g., raw materials and labor) divided by the total output, showing how variable costs change with output levels.

Market Price

The existing rate at which a service or asset is available for purchase or sale in the market.