Which of the Following Is True Regarding an Agreement to Commit

question 2

Multiple Choice

Which of the following is true regarding an agreement to commit a crime or a tort?

• A)An agreement to commit a crime is enforceable,but an agreement to commit a tort is unenforceable.
• B)An agreement to commit a tort is enforceable,but an agreement to commit a crime is unenforceable.
• C)An agreement to commit a crime is unenforceable,and an agreement to commit a tort is unenforceable unless a business tort is involved,in which case the agreement is enforceable as an implied-in-fact contract.
• D)An agreement to commit a crime is unenforceable except an agreement to commit a white-collar crime,which is enforceable as an implied-in-law contract; and an agreement to commit a tort is unenforceable unless a business tort is involved,in which case the agreement is enforceable as an implied-in-fact contract.
• E)Both an agreement to commit a crime and an agreement to commit a tort are unenforceable.

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Definitions:

Zero Economic Profits

A situation in perfect competition where firms earn just enough revenue to cover their total costs, including opportunity costs.

Marginal Revenue

Marginal Revenue is the additional income received from selling one more unit of a product.

Marginal Decision Rule

A principle that states that an action should be taken if, and only if, the marginal benefits exceed the marginal costs.

MC > MR

A condition where a firm's marginal cost is greater than its marginal revenue, suggesting that it would not be profitable to increase output further.