Based on the Precautionary Principle,what Is TRUE

question 70

Multiple Choice

Based on the precautionary principle,what is TRUE?

• A)Regulators make educated guesses about safety based on how other similar compounds have fared.
• B)Toxic products are often discovered only after they reach the marketplace.
• C)Typically,many consumers are harmed by chemicals that reach consumers.
• D)Products are recalled after they are shown to be harming consumers.
• E)Harmful products are prevented from reaching store shelves.

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Definitions:

Average Total Cost

The total cost divided by the quantity of output produced; it is the sum of average fixed costs and average variable costs.

Marginal Cost

The extra cost incurred when one more unit of a product or service is produced.

Profit

The financial gain made in a transaction, calculated as the difference between the revenue earned and the costs incurred.

Drug Patent

Legal protection granted to the inventor of a new pharmaceutical, allowing exclusive rights to manufacture and sell the drug for a certain period.