Which of the Following Statements Did Dicey Believe In, in Regards

question 8

Multiple Choice

Which of the following statements did Dicey believe in, in regards to the rule of law?

• A) Supremacy of ordinary law
• B) Discretionary powers should be exercised in an arbitrary manner
• C) Supremacy of criminal law
• D) Equality before the law
• E) Equality before the police

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Definitions:

Tacit Collusion

An unspoken, informal agreement among competitors to avoid certain competitive practices, like price wars, to keep prices at a certain level or to divide markets.

Oligopolistic Firms

Companies that operate in an oligopoly, a market structure with a small number of firms that have significant market power, which influences their pricing and production decisions.

Product Differentiation

The approach of identifying unique aspects of a product or service to boost its attractiveness to a designated target market.

Market Power

The ability of a firm to influence or control the terms and conditions of the market to some degree.