Which of the Following Is True About Judicial Review of Agency

question 11

Multiple Choice

Which of the following is true about judicial review of agency action?

• A) Judges tend to substitute their own judgment for that of the agency.
• B) Agency interpretation and application of the law are subject to "de novo" review.
• C) An agency decision will not be reversed in the absence of an error of law or a clear abuse of, or the arbitrary or capricious exercise of, discretion.
• D) All of the above

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Definitions:

Non-Price Competition

A market strategy where businesses attempt to attract customers through methods other than lowering prices, such as product differentiation and marketing.

Barriers

Obstacles or impediments that prevent or hinder access, movement, or progress within a particular area or context.

Perfect Competition

A market structure characterized by an infinite number of small firms, identical products, no barriers to entry or exit, and perfect information among buyers and sellers.

Maximizing Profit

The procedure a business uses to establish the optimal price and amount of production for the highest profit.