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Match the following:
a.Motion that the complaint be dismissed for failure to state a claim upon which the court may grant relief.b.Jury's specific written findings on each factual issue.c.A nonjudicial proceeding in which a neutral third party selected by the disputants renders a binding decision.d.The decision of an arbitrator.e.The initial pleading in a case in which the plaintiff states her claim and supporting facts and a demand for relief.f.A nonbinding process in which a third party acts as an intermediary between the disputing parties without proposing solutions.g.Written questions used in preparation for a trial to obtain sworn answers from the opposing party.h.A judgment against a defendant who fails to respond to a complaint.i.A final binding determination on the merits made by the judge after a trial has begun but before the jury renders a verdict.j.The pretrial exchange of information between the opposing parties in a lawsuit.k.Pretrial sworn testimony of an opposing party or other witness,taken out of court.l.Authority of a court over the parties to a lawsuit in contrast to authority over their property.m.Authority of a court to hear a case based on claims against property.n.Examination of potential jurors by the parties' attorneys or the judge.o.A nonbinding process in which a third party acts as an intermediary between the disputing parties and proposes solutions for them to consider.p.A series of formal,written,responsive statements by each side to a lawsuit,stating claims and defenses.q.To send back to a lower court for further proceeding.r.Final,binding determination on the merits made by a judge before trial.s.The particular geographical place where a court with jurisdiction may hear a case.t.Petition for discretionary review by a higher court.
-venue
Market Supply
The total amount of a specific good or service available for purchase at any given price level in a market, representing the combined supply of all sellers.
Price-Taker Industry
An industry in which individual firms have no control over the price of their product because the product is standardized, leading them to accept the prevailing market price.
Economic Profits
The difference between total revenue and total costs, including both explicit and implicit costs, indicating the extent to which a firm exceeds the opportunity cost of its resources.
Market Adjustment
Market Adjustment refers to the changes in price levels and economic variables in response to supply and demand dynamics.
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