Which of the Following Is in Effect Not a Contract

question 75

Multiple Choice

Which of the following is in effect not a contract at all?

• A)A void contract
• B)A voidable contract
• C)An executory contract
• D)An executed contract
• E)An implied contract

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Definitions:

Consumer Product Safety Commission

A U.S. federal agency responsible for the regulation and prevention of risks of injury from consumer products.

Legal Cartel Theory

A theoretical framework suggesting that under certain legal frameworks, firms may engage in cartel-like behavior legally.

Average Total Cost

Represents the total cost per unit of output, calculated by dividing the total cost of production by the number of units produced.

Antitrust Policy

The use of the antitrust laws to promote competition and economic efficiency.