In the Case of Polar Ice Express Inc

question 33

Multiple Choice

In the case of Polar Ice Express Inc. v. Arctic Glacier Inc. what did the Court find?

• A) The plaintiff suffered economic loss as a result of the defendant's actions.
• B) The plaintiff did not suffer an economic loss as a result of the defendant's actions.
• C) Ethical competition is not encouraged in Canada.
• D) While making unfounded accusations is poor business practice, only nominal damages can be awarded for such conduct.
• E) While making unfounded accusations is unethical, it does not constitute tortious conduct.

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Definitions:

Inefficient Rationing

A situation where goods or services are distributed or allocated in a way that does not maximize utility or welfare, often due to non-market forces such as regulations.

Policymakers

Individuals or groups responsible for making decisions and laws that affect a country's economy, society, and overall governance.

Market Outcomes

The results of the interactions between buyers and sellers in a market, including prices, quantities sold, and changes over time.

Ration Goods

Products that are distributed in limited quantities, often through a system of rationing, due to shortages or wartime conditions.