Appellate Courts Are Different from Trial Courts Because They

question 52

Multiple Choice

Appellate courts are different from trial courts because they

• A)always have a jury present.
• B)openly publish the dissent that arises over the lower-court findings.
• C)do not require the presence of the plaintiff, defendants, or witnesses, and their trials are based on lower-court records.
• D)always have two judges who make the final decision on the outcomes of appeals.

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Definitions:

Marginal Revenue

The additional income received from selling one more unit of a product or service.

Economic Profit

The surplus remaining after accounting for both explicit and implicit costs from total revenues.

Monopolistically Competitive

A market structure in which many companies sell products that are similar but not identical, allowing for competition based on product differentiation.

Excess Capacity

A situation where a firm produces at a level less than its maximum output, often resulting in inefficiencies or higher production costs per unit.