Which of the Following Is True of an Independent Contractor's

question 83

Multiple Choice

Which of the following is true of an independent contractor's liability?

• A) The agent is liable for torts committed by an independent contractor.
• B) The contractor is personally liable for all his or her torts.
• C) The principal is liable for the independent contractor's torts.
• D) Both the principal and the independent contractor are liable for the contractor's torts.

---

Definitions:

Game Theory

A theoretical framework for conceiving social situations among competing players and predicting their choices of action through mathematical models.

Oligopolists

Companies or entities that are part of an oligopoly, a market structure characterized by a small number of firms controlling a large market share, often leading to less competitive markets.

Pricing Behavior

The strategies and practices employed by sellers in setting and adjusting prices of goods and services.

Kinked-Demand Curve

A demand curve that has a flatter slope above the current price than below the current price. Applies to a noncollusive oligopoly firm if its rivals will match any price decrease but ignore any price increase.