In Which Type of Industry Would a Marketing Director Be

question 219

Multiple Choice

In which type of industry would a marketing director be most likely to say, "We have to let the customer know that our product is the only one that comes with its own tracking device"?

• A) pure monopoly
• B) oligopoly
• C) pure competition
• D) monopolistic oligopoly
• E) monopolistic competition

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Definitions:

Federal Income Tax

Federal income tax is the tax levied by the national government on individuals and organizations' annual earnings.

Taxpayers

Individuals or entities obligated to pay taxes to governmental authorities.

Income Tax

A tax imposed by the government directly on individuals' or organizations' income.

Proportional Tax

At the individual level, a tax whose average tax rate remains constant as the taxpayer’s income increases or decreases. At the national level, a tax for which the average tax rate (= tax revenue/GDP) remains constant as GDP rises or falls.