Carla's Crop Dusting Service Charges Competitive Prices Even Though It

question 60

Multiple Choice

Carla's Crop Dusting Service charges competitive prices even though it has no competition.This is most likely because:

• A) There are no economies of scale in the industry.
• B) It operates in a contestable market.
• C) It is a natural monopoly.
• D) It exercises predatory pricing.

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Definitions:

Batson V.Kentucky

A landmark Supreme Court decision ruling that a prosecutor's use of peremptory challenge in jury selection based on race is unconstitutional, violating the Equal Protection Clause.

Peremptory Challenges

The right of attorneys during jury selection to reject a certain number of potential jurors without stating a reason.

Due Process Clause

A constitutional provision in the Fifth and Fourteenth Amendments that guarantees individuals fair treatment through the normal judicial system, especially as a safeguard to protect against arbitrary denial of life, liberty, or property.

Dissenting Opinion

A separate judicial opinion written by a judge who disagrees with the majority's decision in a court ruling.