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Rina8888 [55]
4 years ago
11

Which term describes the process of making an economic decision by

Social Studies
1 answer:
Ivahew [28]4 years ago
4 0

Answer:

Opportunity Cost

Explanation:

Opportunity cost is an economic term that simply says that when you make a purchase, you forego another alternative. Money, or the lack of it is usually the main reason for making the decision to make a decision to get one product and forego another one.

Therefore, it is the term that describes the process of making an economic decision by considering both the advantages and problems that may arise from the decision.

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The correct answer is It was used to breakup companies that brought other companies to eliminate them as competition

Much of the doctrine, in commenting on the historical facts that gave rise to the Sherman Act, often states that the United States, in the late nineteenth century, was witnessing the emergence of large monopolies and cartels in various sectors of the economy, which were abusing their market power and consequently harming consumers.

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Restoring an insured to the same condition as before a loss is an example of the principle of?
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Restoring an insured to the same condition as before a loss is an example of the principle of Indemnity. The principle of indemnity makes sure that the insurance contract protects and compensates you for any loss, damage or injury. The objective of an insurance contract is to make you "whole" in case of a loss, not to allow you to make a profit. Thus, the amount of your compensation for damages is directly related to the amount of damages you actually suffered.

The principle of indemnity states that an insurance policy will not provide compensation to the policyholder in excess of their financial loss. This limits the benefit to an amount that is sufficient to recover the policyholder to the same financial position they were in before the loss.

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