What Are Two Rationales for Creating a Testimonial Privilege

question 9

Essay

What are two rationales for creating a testimonial privilege?

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Definitions:

Sellers

Individuals or entities that offer goods or services for sale to potential buyers in exchange for money or other assets.

Oligopoly

A market structure characterized by a small number of firms that dominate the market, leading to limited competition.

Number of Firms

Refers to the total count of business entities operating in a given market or industry.

Market Characteristics

Features or attributes that define and differentiate specific markets, including structure, competition level, and consumer behaviors.