The Only State That Allows Private Employers to Choose Whether

question 82

Short Answer

The only state that allows private employers to choose whether or not to provide workers' compensation is:
A)Maryland.
B)New York.
C)Texas.
D)Wisconsin.

• A)Maryland.
• B)New York.
• C)Texas.
• D)Wisconsin.

---

Definitions:

Marginal Revenue Curve

A graphical representation that shows the change in total revenue resulting from selling one additional unit of a good or service.

Least-Cost Producer

A producer that can provide goods or services at the lowest possible cost, often due to advantages in technology, processes, or access to resources.

Covert Collusion

An implicit or indirect agreement among competitors to fix prices, limit supply, or divide markets, without explicit communication or a formal agreement.

Gentlemen's Agreements

Informal, non-binding agreements between parties based on honor and not legally enforceable.