Examlex

Solved

Why Is an Offeree's Silence Not Considered to Be Acceptance

question 51

Essay

Why is an offeree's silence not considered to be acceptance of an offer?


Definitions:

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service versus the total amount they actually pay.

Marginal Cost

The expenditure required to create one more unit of a product.

Related Questions