"Unique Resources" as a Barrier to Entry Is Exemplified in All

question 82

Multiple Choice

"Unique resources" as a barrier to entry is exemplified in all of the following except:

• A) DeBeers controlling about 80% of the diamonds in the world before the breakdown of the Soviet empire.
• B) Microsoft hiring top scientists.
• C) Hawaii's beautiful scenery, weather, and beaches.
• D) McDonald's golden arches
• E) All of these are examples of "unique resources".

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Definitions:

Legal Positivists

A school of thought in jurisprudence that holds the belief that the validity of a law is not related to its morality but is contingent upon its sources and recognition by the state.

Validly Enacted Laws

Laws that have been properly passed and approved by the legislative process, and are therefore legally binding.

Just Law

A legal principle or legislation that is regarded as fair, morally right, and in accordance with ethical standards.

Equitable Remedy

A corrective action ordered by a court that involves doing or refraining from doing something, as opposed to paying damages, to address a legal wrong or a breach of contract.