Which of the Following Is True Regarding Assignment of Rights

question 33

Multiple Choice

Which of the following is true regarding assignment of rights in China?

• A) Free assignment of rights is permitted.
• B) Free assignment of rights is permitted only when a contract with a state authority is involved.
• C) Free assignment of rights is permitted only when a contract with a private party is involved unless the contract is one considered "for the good of the people."
• D) Assignment of rights is illegal.
• E) When a private party is involved, the assignor must first get the obligor's approval before an assignment is made.

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Definitions:

Monopolists

Entities with exclusive control over the supply of a particular good or service, setting prices and output levels.

Output Effect

The change in total output caused by a new price level, in the context of supply and demand.

Total Revenue

Total revenue is the full amount of money received by a company for its goods or services before any expenses are subtracted.

Average Revenue

Total revenue divided by the quantity sold