Which of the Following Statements Is Not True

question 71

Multiple Choice

Which of the following statements is not true?

• A) Information asymmetries are continually being introduced by merchants and marketers.
• B) Intermediaries have not disappeared.
• C) Overall transaction costs have dropped dramatically.
• D) Brands remain very important in e-commerce.

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Definitions:

Average Fixed Costs

The fixed costs of production divided by the quantity of output produced, depicting the spread of fixed expenses over units produced.

Total Variable Costs

The sum of all costs that vary with output level, including materials, labor, and other expenses that increase as production increases.

Drones

Unmanned aerial vehicles (UAVs) operated by remote control or onboard computers, utilized for various purposes including surveillance, delivery, and recreation.

ATC

The total production cost divided by the amount of goods produced is known as Average Total Cost.