Which of the Following Is a Possible Example of Procedural

question 66

Multiple Choice

Which of the following is a possible example of procedural unconscionability?

• A)A clause excluding a seller's liability for consequential damages from a defective good.
• B)A clause imposing a penalty for failure to deliver the goods on time.
• C)A high price term in a contract.
• D)A fine-print price term in a contract.

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Definitions:

Decreasing-Cost Industry

An industry in which costs per unit of output decrease as the scale of production increases, often due to factors like improved technologies or economies of scale.

Economic Adjustments

Shifts in economic policies or market conditions that lead to changes in allocation of resources, production, and pricing.

Long-Run Equilibrium

A state in which all factors of production and costs are variable, and firms make no economic profit or loss over time.

Marginal Cost

The enhanced cost due to the creation of one more unit of a product or service.