Which of the Following Courts Do Businesses Prefer for the Resolution

question 40

Multiple Choice

Which of the following courts do businesses prefer for the resolution of international contract disputes?​

• A)​International Court of Justice
• B)​EU Court of Justice
• C)London Commercial Court
• D)Patent and Contract Court of Justice

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Definitions:

Barriers To Entry

Barriers to entry are obstacles that make it difficult for new firms to enter a market, including high startup costs, regulatory hurdles, and established competition.

Monopoly

A market structure characterized by a single seller selling a unique product with no close substitutes, leading to significant control over the market price.

Close Substitutes

Products or services that can serve as replacements for each other with minor adjustments, often similar in function or purpose.

Barriers To Entry

Factors that make it difficult for new firms to enter a market, such as high startup costs, complex regulations, or entrenched competitors.