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Discuss What Is Meant by an "Excuse Defense

question 73

Essay

Discuss what is meant by an "excuse defense." Next, please list and explain the four main types of excuse defenses currently used in the United States. ​


Definitions:

Monopolistic Competition

A market structure where many companies sell products that are similar but not identical.

Marginal Cost

The increase in costs from making an additional unit of a product or service.

Long-Run Equilibrium

A state in economics where all factors of production are fully adjustable, leading to a situation where no economic agent has an incentive to change its behavior.

Monopolistic Competition

A marketplace setup in which a wide range of companies vend products that are comparable but not clones, enabling some level of market sway.

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