Which of the following is not a possible justification for regulated markets?
a. Possible market failure
b. Natural monopolies
c. The possibility that free markets are contrary to social goals
d. Private contracting opportunities
ANSWER: D
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The Securities and Exchange Commission (SEC) is concerned with
a. Companies that issue securities to the general public. b. All companies in the US regardless of size. c. Accounting reports issued by government entities. d. All domestic and international companies that issue accounting reports.
When preparing to send a message, what should be determined?
A) Will anything change as a result of the message? B) Is the purpose realistic? C) Is the time right? D) Is the purpose acceptable to the organization? E) Is the message clear and meaningful?
Which of the following is not required in order to create an implied-in-fact contract?
A) The plaintiff having not provided the services gratuitously B) An opportunity by the defendant to reject the goods or services, followed by the defendant not rejecting the goods or service C) An expectation of payment by the plaintiff D) The plaintiff having provided property or services to the defendant E) An agreement between the parties on the amount of the payment
____________ are relatively inexpensive, frequently purchased items for which buyers exert only minimal purchasing effort.
A. Consumer products B. Shopping products C. Convenience products D. Business products E. Specialty products