Which of the Following Would Be the Least Likely Result

question 134

Multiple Choice

Which of the following would be the least likely result of a binding price ceiling imposed on the market for rental cars?

• A)an accumulation of dirt in the interior of rental cars
• B)poor engine maintenance in rental cars
• C)free gasoline given to people as an incentive to a rent a car
• D)slow replacement of old rental cars with newer ones

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Definitions:

Respondeat Superior

A legal doctrine holding an employer or principal legally responsible for the wrongful acts of an employee or agent, under certain conditions.

Vicarious Liability

A legal principle that holds one party responsible for the actions of another under certain conditions, typically within employment contexts.

Doctrine

A principle, theory, or policy adopted and adhered to by an individual, group, or institution, often in a legal or philosophical context.

Professional Corporations

A type of corporation for professionals where the company's owners are shielded from certain liabilities and it is taxed differently than traditional corporations.