Firms Cannot Resemble

question 28

Multiple Choice

Firms cannot resemble

• A)incomplete contracts.
• B)democracies.
• C)an organization without externalities.
• D)a benevolent dictator.

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Definitions:

Questions of Law

Issues concerning the interpretation or application of laws which are decided by a judge, as opposed to questions of fact, which are decided by a jury.

State Appellate Courts

Courts within a state's judicial system that review and rule on appeals from decisions of lower courts.

Appellate Courts

Courts that have the authority to review and change the outcomes of decisions made by lower courts.

Trial Court

The first level of court in the judicial system where legal cases are originally tried and decided, as opposed to appellate courts.