When a Large Group of Victims of a Corporation's Harmful

question 72

Multiple Choice

When a large group of victims of a corporation's harmful conduct join forces and initiate legal action against the corporation, it is known as what type of lawsuit?

• A) Class action
• B) Collateral action
• C) Collective
• D) Combined

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Definitions:

Marginal Benefit Curve

A visual chart illustrating the variation in consumer advantage as the amount of a product or service rises.

Private Market

A part of the financial market in which financial instruments and assets are traded that are not available on the public stock exchanges.

Marginal Social Benefit

The additional benefit received by society from the production or consumption of one more unit of a good or service.

Marginal Cost

The expense incurred from manufacturing an extra unit of a product or service.