A consumer's right to choose refers to
a. his right to have an inventory of more than one to choose from.
b. her right to decide what store to buy from.
c. his right to eliminate products that do not meet his needs.
d. the assurance that competition is working effectively.
d
You might also like to view...
The listing of specific research objectives often serves as a good framework for organizing the results section of the report
Indicate whether the statement is true or false
A public nuisance: A)?Cannot be enjoined by a private citizen suit
B)?Prevents recovery of damages by individual citizens. C)?Is eliminated by federal environmental regulations. D)?None of the above
The principle of the time value of money basically says that ________.
A) because firms pay managers a great deal, managers need to use their time very effectively B) money received today is more valuable than money received in the future because money in the future is more risky C) money received today is more valuable than money received in the future because firms and individuals can invest money they have today and earn a return on that money D) because of the principal-agent problem, investors cannot trust that money firms promise to pay in the future will ever arrive
Which is NOT a characteristic of perfect competition?
a. There are many sellers. b. There are few buyers. c. The products offered are homogenous. d. There is easy entry into the market.