Excess Capacity Results from a

question 110

Multiple Choice

Excess capacity results from a

• A)downward-sloping demand curve and a U-shaped ATC curve.
• B)downward-sloping demand curve and no fixed costs.
• C)horizontal demand curve and an upward-sloping marginal cost curve.
• D)perfectly inelastic demand curve and a downward-sloping ATC curve.
• E)none of the above

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Definitions:

Negligence Case

A legal case involving a failure to behave with the level of care that someone of ordinary prudence would have exercised under the same circumstances, resulting in harm or damage.

Comparative Negligence

A legal principle under which the fault for an accident is divided among all parties involved based on the degree of responsibility of each party.

Pure Comparative

A legal principle of negligence law allowing a plaintiff to recover a percentage of damages even if they are partially at fault, with compensation reduced by their percentage of fault.

Modified Comparative

A legal doctrine used in some jurisdictions for determining damages and liability based on the degree of fault of each party.