In Which of These Instances Would the Charge of Corporate

question 16

Multiple Choice

In which of these instances would the charge of corporate murder be least appropriate?

• A) workers for a corporation drying from exposure to toxic chemicals while on a job site.
• B) an airplane company deliberately failing to make routine inspections company-wide due to a staffing shortage.
• C) a corporate truck driver accidentally rear ending a stopped car on the turnpike.
• D) a car company knowingly installing faulty parts in order to cut corners

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Definitions:

Perfect Price Discrimination

A pricing strategy where a seller charges the maximum price each consumer is willing to pay, capturing the entire consumer surplus.

Total Profits

The overall financial gain realized by a business after subtracting all operational expenses, taxes, and costs from total revenues.

Price-discriminating Monopolist

A monopolistic market player that charges different prices for the same product or service to different customers, based on what each is willing to pay.

Market

A venue for buyers and sellers to trade goods, services, and financial instruments.