_____ Means "Let the Buyer Beware," and Is a Philosophy

question 58

Multiple Choice

_____ means "let the buyer beware," and is a philosophy sometimes used by businesses to put the burden for consumer protection onto a customer.

• A) Caveat emptor
• B) Habeas corpus
• C) Laissez faire
• D) Persona grata

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Definitions:

Zero Marginal Cost

The scenario in which producing one more unit of a good or service does not increase the total cost of production, typically seen in digital goods or highly automated processes.

Marginal Cost

The extra expense linked to generating one more unit of a product or service.

Inverse Demand

A representation of demand that shows how the price of a good or service can vary inversely with changes in the quantity demanded.

Typeset

The composition of text by arranging physical or digital type to make written language legible, readable, and appealing when displayed.