The Purchaser of a Bottled Beverage Is More Likely to Be

question 82

Multiple Choice

The purchaser of a bottled beverage is more likely to be successful in a suit for damages against the manufacturer as a result of becoming ill if:

• A)she saw a small spider in the bottle and decided not to drink it.
• B)she saw a small spider in the bottle and dropped it on the ground before she opened it.
• C)she saw a small spider in the bottle after taking "a sip."
• D)she gave the bottle to a friend and saw a small spider in the bottom after her friend drank it.
• E)she saw a small spider in the bottle on the store shelf and decided not to buy it.

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Definitions:

Maximize Profits

The goal of businesses to achieve the highest possible level of profit through revenue maximization and cost minimization.

Nondiscriminating Monopolist

A monopolist who charges all consumers the same price for its product, regardless of the quantity demanded or consumer preferences.

Marginal Cost

The investment needed to produce an extra unit of a product or service.

Profit-Maximizing

The process or strategy of adjusting the production and sale of goods or services to generate the highest possible profit.