Which of the following is true regarding our macro-marketing system?

A. Advertising can actually lower final consumer prices if it helps achieve economies of scale.
B. Marketing makes people buy things they don't need.
C. Consumers would be better off if our macro-marketing system were in pure competition, rather than monopolistic competition.
D. Monopolistic competition leads to higher prices, restriction of output, a waste of resources, and greater consumer dissatisfaction.
E. All these answers are correct.


Answer: A

Business

You might also like to view...

On an online ________ , prices change by the minute

A) buying alliance B) barter market C) systems seller D) spot market E) catalog site

Business

What is defined as “a psychological tendency that is expressed by evaluating a particular entity with some degree of favor or disfavor”?

A. emotion B. demeanor C. mood D. attitude

Business

One point on an $80,000 loan for the purchase of a $110,000 home would equal

A) $100. B) $800. C) $1,000. D) $1,100.

Business

A factor courts may consider in determining whether an act was within the course and scope of employment under vicarious liability is, was the:

a. act of the same general nature of those authorized by the principal b. agent authorized to be in the location at the time the act occurred c. agent serving or attempting to serve the principal's interests at the time of the tort d. act of the same general nature of those authorized by the principal and agent authorized to be in the location at the time the act occurred e. act of the same general nature of those authorized by the principal and agent authorized to be in the location at the time the act occurred and agent serving or attempting to serve the principal's interests at the time of the tort

Business