Concentration Increases in an Industry

question 146

Multiple Choice

Concentration increases in an industry

• A)if the larger firms gain control of important resources, squeezing out smaller firms.
• B)if some firms become technologically superior over time.
• C)if innovation increases plant size of some firms and lowers their cost.
• D)All of the above are correct.

Identify the proper use of ICD-10 code ranges for specific medical conditions and procedures.

Recognize the purpose and content of the appendices and conventions used in the ICD manuals.

Correctly utilize E codes for external causes of injury and other conditions.

Distinguish between specific codes for routine health checks and those for various diseases and conditions.

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Definitions:

Contract

A legally binding agreement between two or more parties that outlines the terms and conditions for the exchange of goods, services, or other forms of consideration.

Statute of Frauds

A legal principle requiring certain types of contracts to be in writing and duly signed by all parties involved, to be enforceable.

Promissory Estoppel

A legal principle that prevents a party from going back on a promise, even if it was not formally agreed to in a contract, if someone else has relied on that promise to their detriment.

Tort of Deceit

A legal cause of action that arises when one party intentionally lies or misrepresents a material fact with the intent to deceive another, causing harm.