Which of the Following Is an Offence Under the Controlled

question 45

Multiple Choice

Which of the following is an offence under the Controlled Drugs and Substances Act?

• A) To obtain a controlled substance from a practitioner.
• B) To obtain a controlled substance without a prescription.
• C) To obtain a controlled substance without a license.
• D) To obtain a controlled substance without revealing other controlled substances procured from other practitioners within a 30 day period.

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Definitions:

Productive Efficiency

A situation in which an economy or production process cannot produce more of one good without sacrificing the production of another good and without improving the production technology.

Allocative Efficiency

A state of the economy in which production is in accordance with consumer preferences; every good or service is produced up to the point where the last unit provides a marginal benefit to consumers equal to the marginal cost of producing it.

Price Discrimination

A pricing strategy where a company sells the same product or service at different prices to different customers, often based on their willingness to pay.

Pure Monopoly

A market structure where a single firm controls the entire supply of a product or service, with no close substitutes available, allowing it to influence price significantly.