Examlex
Which of the following is the best example of a perfectly competitive firm?
Stock Option
A financial instrument granting the holder the right, but not the obligation, to buy or sell a stock at an agreed-upon price within a certain period.
Detrimental Reliance
A legal principle where a party suffers harm by relying on a misleading statement or promise of another.
Bargained-for Exchange
A fundamental principle of contract law that involves a mutual exchange of value or promises between parties.
Enforceable Promise
A commitment in a contract that is legally binding and can be upheld in court.
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