A Free-Market System Operating Without Government Interference Requires That Sellers

question 63

Multiple Choice

A free-market system operating without government interference requires that sellers ____.

• A) not try to take business away from their competitors
• B) provide all the goods and services possible
• C) not include all their indirect costs in the prices
• D) increase profits by pushing others out of business
• E) use all resources to their fullest

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Definitions:

Computer System

An integrated set of hardware and software designed to process, manage, and store data.

Capital Cost Allowance (CCA)

A tax deduction in Canada that represents a business’s investment in depreciable property.

Earnings Before Interest And Taxes

A measure of a firm's profitability that includes all income and expense items except interest and income tax expenses.

Installation Cost

The expense associated with setting up or putting equipment, infrastructure, or software into operation.