Examlex
When a firm in a monopolistically competitive market earns zero economic profit, its product price must equal marginal cost.
Legal System
The comprehensive set of rules and principles that govern a society, enforced through social institutions to regulate behavior and maintain order.
M'Naghten Rule
A legal standard to determine whether a defendant was insane at the time of committing a crime and is therefore not responsible for their actions.
Insanity
A legal and psychological term referring to severe mental illness to the degree that an individual cannot distinguish reality from fantasy, affecting legal responsibility.
Not Guilty
A legal verdict by which an individual is declared free of the charge of a crime, implying insufficient evidence to prove wrongdoing.
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