Which of the Following Would Distinguish an Invalid Offer from an Offer

question 33

Multiple Choice

Which of the following would distinguish an invalid offer from an offer in law?

• A) a standard set of terms developed over the years by a business
• B) a requirement that a contract be read and understood prior to acceptance
• C) a suitably broad, clear, detailed offer that readily facilitates acceptance
• D) a condition that acceptance is required to be made within the time specified

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Definitions:

Constant-Cost Industry

A constant-cost industry is an industry where the costs of production, including inputs, do not change as the industry's output changes.

Demand Shift

Occurs when the entire demand curve moves due to changes in factors other than the price of the good, such as consumer preferences or income.

Supply Increase

A situation where the quantity of a good or service that is available to consumers rises.

Increasing-Cost Industry

An increasing-cost industry is one in which costs of production increase as the industry expands, often due to factors like limited resources or higher input prices.