If You Are a Member of a Certified Class in a Class

question 2

Multiple Choice

If you are a member of a certified class in a class action lawsuit, which of the following is a possible outcome?

• A) The defendant prevails in the class action, so individual members must bring their own suits to obtain relief.
• B) The defendant prevails in the class action, but each individual member may appeal.
• C) The plaintiff prevails and each member of the class may choose between recovery or bringing an individual suit.
• D) The plaintiff prevails and each member of the class is eligible to recover according to the criteria of the case.

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Definitions:

Permit Price

The cost associated with acquiring a license or permit to engage in a certain activity or operation, often seen in environmental regulations or zoning laws.

Tradable Emissions Permits

Market-based allowances to emit a certain amount of pollution, which companies can buy or sell depending on their need to emit more or less than their allocation.

Equilibrium Price

The rate at which the demand for a good or service perfectly balances with its supply.

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the equilibrating price in a market.