In Center for Biological Diversity V

question 226

Multiple Choice

In Center for Biological Diversity v.Marina Point Development Assoc. ,involving a development on a lake that received needed permits to proceed,the court held that the opposition by the Center for Biological Diversity:

• A)no longer mattered,as it participated in the permit process
• B)showed that the construction violated permits,so fines would be issued and no more development would occur until the developer was in compliance with the permits
• C)meant the permits would be cancelled,as the Center was not allowed to participate in the permit consideration process
• D)was beyond what was allowed by law,which imposed needless costs on the developer,so it would pay the attorney fees the developer incurred
• E)none of the other choices

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Definitions:

Mutual Interdependence

A situation in oligopoly markets where the actions of one firm significantly affect the outcomes of other competing firms.

Price Policy

The strategy or practices adopted by a company, organization, or government to set the selling price of products or services.

Perfectly Elastic Demand

Product or resource demand in which quantity demanded can be of any amount at a particular product or resource price; graphs as a horizontal demand curve.

Herfindahl Index

A measure of market concentration used to gauge the level of competition within an industry by calculating the sum of the squares of the market shares of each firm.