Which of the Following Would Likely Give Rise to a Quasi-Contract

question 9

Multiple Choice

Which of the following would likely give rise to a quasi-contract?

• A)an employee receiving his or her paycheck monthly
• B)two companies signing a business agreement of indefinite duration
• C)an unconscious man being treated in a hospital emergency room
• D)a woman hiring a caterer only after the caterer promises to deliver the food on time

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Definitions:

Monopolistic Competition

A market structure characterized by many firms selling products that are substitutes but differentiated from each other, leading to some degree of market power.

Easy Entry And Exit

A characteristic of competitive markets where firms can freely enter or leave the market with minimal barriers, ensuring competitive prices and efficiency.

Relatively Easy Entry

Characterizes markets where new competitors can join with minimal barriers, such as low startup costs or regulatory hurdles.

Similar Products

Products that serve the same or similar purposes and can be used interchangeably by consumers.