Which of the Following Is Most Likely to Constitute Undue

question 60

Multiple Choice

Which of the following is most likely to constitute undue influence?

• A) A firm demanding more in terms of pricing by withholding essential supplies.
• B) A clergyman using a parishioner's emotional susceptibility to get the parishioner to contract with the clergyman.
• C) Threatening to commence a frivolous criminal prosecution against someone,in order to get them to contract with you.
• D) Grabbing someone's hand and forcing them to sign on a contract you have prepared.

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Definitions:

Increase Price

The action of raising the cost that consumers must pay to purchase a product or service.

Economic Profits

The result of subtracting a firm's entire costs, encompassing both tangible and intangible expenses, from its total revenue.

Nondiscriminating Monopolist

A monopolist who charges all consumers the same price for its product or service, unlike price discrimination strategies where different prices are set for different markets or consumers.

Economic Profit

The profit a firm makes after deducting both explicit and implicit costs, reflecting the total opportunity costs of all resources involved.