A Right Can Exist

question 59

Multiple Choice

A right can exist:

• A) by itself.
• B) only if created by a court.
• C) only if there is a corresponding duty.
• D) only under local law.

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Definitions:

Plant Sizes

The scale or capacity of a manufacturing or production facility, often studied in economics to understand economies of scale.

Cost Curves

Graphical representations used in economics to show the cost of producing a certain number of goods, highlighting how costs change with different levels of output.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output decreasing with increasing scale.

Average Cost Curve

A graphical representation that illustrates the cost per unit of output at different levels of production.