Which of the Following Statements Is True About the Pretrial

question 72

Multiple Choice

Which of the following statements is true about the pretrial litigation process?

• A) To initiate a lawsuit, the plaintiff must file an appeal in the proper court.
• B) If the plaintiff does not answer a complaint, a default judgment is entered against him or her.
• C) A plaintiff files a cross-complaint against the defendant to seek damages.
• D) A default judgment establishes the defendant's liability.

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Definitions:

Marginal Revenue Curve

A graphical representation that shows the change in total revenue for every unit increase in the quantity of output sold.

Demand Curve

A graphical representation showing the relation between the price of a good and the quantity demanded by consumers.

Profit Maximizing

is a strategy where a firm decides on the quantity of production and price to maximize its profit.

Elasticity Of Demand

A gauge of the extent to which demand for an item is affected by fluctuations in its price.