The Term Alternative Dispute Resolution Refers to Any Method for Resolving

question 18

True/False

The term alternative dispute resolution refers to any method for resolving a dispute outside the traditional judicial process.

---

Definitions:

Marginal Cost

The expenditure involved in creating one more unit of a product or service.

Demand Curve

A diagram displaying the link between the value of an item and the quantity of that item that shoppers are eager and financially capable of purchasing at various cost points.

Monopolist

An individual or entity that has exclusive control over the production or sale of a product or service within a market, preventing competition.

Marginal Revenue

The additional revenue that a business earns from selling one more unit of a good or service.