The Court's Standard of Review Will Give the Greatest Deference

question 17

Multiple Choice

The court's standard of review will give the greatest deference to any agency's decision when the plaintiff

• A) is challenging the procedures used by the agency.
• B) is challenging the agency's interpretation of a statute.
• C) is challenging the factual basis for the agency's action.
• D) none of the above (the same standard of review applies in all cases).

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Definitions:

Elasticity Of Demand

An indicator of the sensitivity of demand for a product to fluctuations in its price.

Marginal Cost

The additional total expense that results from the creation of one more unit of a product or service.

Monopoly Power

The ability of a single seller to control prices and total market supply in an industry.

Social Cost

The total cost to society, including both private costs borne by individuals and external costs affecting others not directly involved in a transaction.