Please provide answer for each questions below

2. Discuss the distinctions among negligent torts, intentional torts, and strict liability. (LLO #1)

3. Explain the difference between a commission and omission of a negligent act. (LLO #1)

4. Explain the difference between negligence and malpractice. (LLO #1)

5. What are the elements that must be proven in order to be successful in a negligence suit? Illustrate you answer with a case. (The facts of the case can be hypothetical.) (LLO#1)

6. Describe the categories of intentional torts.

(LLO #1)

7. How does slander differ from libel? Give an example of each. (LLO #1)

8. Describe the objectives of criminal law. (LLO #1)

9. Describe the difference between a misdemeanor and a felony. Give an example of each. (LLO #1)

10. Discuss why physicians have been so reluctant to remove a patient's life-support systems.

Question 30 (2 points) David, a partner in Funtimes Bar, gets into a fistfight with a customer in the bar's parking lot: The customer successfully sues the partnership for the tort of battery. Funtimes pays damages to the customer. The partnership now attempts to seek indemnification from David and make David reimburse the partnership. Which of the following is true? Because of joint and several liability of partners, the partnership cannot successfully recover from David. O Because David's tort was not committed in the ordinary course of business, he will have to reimburse the partnership. O Regardless of whether David's tort was committed in the ordinary course of business, David will not be required to reimburse the partnership. None of the above are true.D Question 14 1 p Consider a natural monopoly with a large fixed cost and a small and constant marginal cost per unit produced that does not receive any subsidies. Which of the following statements is true? 1. The government should intervene to make sure that there are at least two firms operating in the market which will reduce the prices and costs of the product. II. Government regulation involving marginal cost pricing eliminates the deadweight loss and the monopoly remains profitable. Ill. Government regulation involving average cost pricing always maximizes total surplus. None of the other answers is correct only II is true O only I is true O only Ill is true only II and Ill are true D Question 15 1 ptsThe two most common forms of market regulation are price ceilings and price floors. 1. A price celling is when the government promulgates a regulation or law that prohibits charging more than a specified price. 2. A price floor is when the government promulgates a regulation or law that prohibits charging less than a specified price. The most common mistake made when analyzing the effects of price ceilings and price floors is to ignore that it is not in people's self interest to obey the rule or law. In fact, it is profitable and the individual can make himself better off by ignoring the price ceiling or price floor and transacting above or below the regulated price. Every price ceiling and price floor initiates a cycle of regulation, resistance, more regulation, better resistance etc. the end result of which is the effect of the price ceiling or price floor is radically different than what the government intended when it initially promulgated the regulation or law. When a price ceiling or price floor is effectively enforced it creates an allocation problem. At the regulated price, there are either more people trying to buy the good at the regulated price than are offered for sale (price ceiling) or there are more people willing to sell at the regulated price than there are buyers (price floor). Any complete analysis of a price ceiling or floor must analyze how the allocation problem is solved, i.e. who ends up being able to buy or sell the good at the regulated price. When the price ceiling or floor is effectively enforced some form of non-price rationing must take place. The government usually tries through additional regulation or laws to determine who ends up with the good because choosing who ends up with the good redistributes wealth making some people better off and others worse off. The cycle of regulation/resistance, however, means that the people who end up with the good are frequently not who the government intended.Pricing Strategy Competition is serious business and sometimes fierce. The stakes are high. Unless the rm has a monopoly, pricing is one area that may be intensely competitive, and not all competition is fair or legal. When considering pricing strategy, the international business manager must be aware of the strategies of otherflrrns when setting the firm's own strategy. Pricing is an important part of the marketing mix. Firms must look at charging different prices in different markets, pricing as a competitive weapon, and the regulatory factors including government control and antidumping regulations. As managers set prices under the strategy, they must be aware of many different dynamics. All will affect the design and implementation of pricing strategy. Roll over the items on the left for a description and then drag each item to the appropriate column. Is it a consideration of price discrimination, strategic pricing, or regulatory inuence? _l__l Consider the graph below. The market price is P. Suppose the government by rule or regulations sets a regulated price of P, or P. P Market S1 P 2 Starting Equilibrium P 1 P3 D1 Q1