Prior to the Passage of Workers Compensation Laws, All of the Following

question 49

Multiple Choice

Prior to the passage of workers compensation laws, all of the following common law defenses could be used by employers to avoid financial responsibility for work-related injuries EXCEPT

• A) contributory negligence.
• B) the fellow-servant doctrine.
• C) assumption of the risk.
• D) employer liability laws.

---

Definitions:

Perfect Competition

A market structure characterized by many buyers and sellers, where all firms sell identical products and no single buyer or seller can influence the market price.

Identical Goods

Products that are exactly the same in every aspect, leading consumers to have no preference for one product over another based on characteristics, brand, or quality.

Perfect Competition

A market structure characterized by a large number of small firms, identical products, and free entry and exit, leading to price taking behavior.

Ease of Entry

Ease of entry refers to the lack of barriers for new firms to enter and compete in an industry or market, impacting competition and market dynamics.