Which of the Following Is Not One of the Purposes

question 41

Multiple Choice

Which of the following is not one of the purposes of law?

• A)To protect disadvantage
• B)To resolve disputes
• C)To keep the peace
• D)To prevent the misuse of power

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Definitions:

Close Substitutes

Products or services that can easily replace each other in the eyes of consumers due to their similar functions or characteristics.

Imperfectly Competitive

A market structure where individual producers have some control over the price and supply of products, as opposed to perfect competition where no single producer can influence the market.

Market Price

The prevailing rate at which a commodity or service is available for purchase or sale in a specific market.

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a given price over a specific time period.