The purpose of a government-imposed ________ is to give domestic competitors an advantage in the marketplace by making foreign competitors' goods more expensive than domestic goods

A) monopoly
B) quota
C) tariff
D) oligopoly
E) embargo

C

Business

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Hunter Inc Hunter Inc sells a unique product with the following information available: Sales price $100 per unit Variable costs $40 per unit Fixed costs $19,500 Units produced and sold 1,300 units Refer to Hunter Inc information above. If one more unit is sold, net operating income will:

A) decrease by $55. B) increase by $45. C) increase by $60. D) decrease by $15.

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What is the reasonable person standard? How is it applied to each of the following? a. Children b. Persons with physical disabilities c. Persons who are mentally retarded d. Professional people with advanced degrees and training, such as doctors, lawyers, and accountants e. Persons acting in emergency situations f. Persons who violate statutory duties

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