When Would a Business Selling Merchandise Over the Internet Be

question 78

Essay

When would a business selling merchandise over the Internet be required to defend a lawsuit in a state in which it had no offices?

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Definitions:

Marginal Productivity

The additional output that is produced by employing one more unit of a particular input, holding other inputs constant.

Income Distribution

The way in which total income is shared among the population or different groups within society.

Substitute Factor

A factor or input that can be used in place of another to produce a good or service.

Factor Production

Refers to the inputs or resources used in the process of producing goods and services, including land, labor, capital, and entrepreneurship.