Which of the Following Is True Regarding Caps on Punitive

question 51

Multiple Choice

Which of the following is true regarding caps on punitive damages in Title VII cases based on discrimination other than race?

• A) Punitive damages are capped at $300,000 for employers of more than 500 employees.
• B) Punitive damages are capped at $50,000 for employers of between 100 and 200 employees.
• C) Punitive damages are capped at $25,000 for employers of between 25 and 50 employees.
• D) Punitive damages are capped at $300,000 for employers of more than 500 employees, at $50,000 for employers of between 100 and 200 employees, and at $25,000 for employers of between 25 and 50 employees.
• E) There is no cap on punitive damages.

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Definitions:

Pure Competition

A market structure characterized by a large number of small firms, a homogeneous product, and free entry and exit from the market.

Pure Monopoly

A market structure characterized by a single seller controlling the entire market supply of a unique product, with no close substitutes.

Economic Profits

Profits exceeding the opportunity costs of all resources used by the firm, indicating an above-normal return.

Monopoly Rights

The exclusive power granted to a company or individual to produce, sell, or conduct business in a specific market without competition.