Which of the Following Is Another Name for Apparent Agency

question 40

Multiple Choice

Which of the following is another name for apparent agency?

• A) Simplified agency
• B) Equitable agency
• C) Agency by law
• D) Agency by estoppel
• E) Approved agency

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Definitions:

Marginal Costs

The advance in complete cost due to the manufacturing of one additional unit of a good or service.

Cournot Duopolists

Firms in a duopoly market structure that base their competition strategies on the quantity of output, assuming the reaction of the other firm to find an equilibrium.

Demand for Wine

The desire and willingness of consumers to purchase wine at various prices, influenced by factors such as income, tastes, and substitutes.

Imports

Goods or services brought into one country from another for sale.