Which of the Following Is NOT One of the Four

question 2

Multiple Choice

Which of the following is NOT one of the four major characteristics that ensure a free-market works properly for the benefit of consumers and producers?

• A) Consumers are well informed about the products they want to purchase.
• B) The individual pays the full cost and enjoys the full benefits of the product or service at the time of purchase.
• C) There are a small, selective number of suppliers from which individuals can choose to purchase a good or service.
• D) The suppliers bear the full cost of production for those items or services.

---

Definitions:

Desired Situation

The optimal state or condition that a person, group, or organization aims to achieve in the future.

Actual Situation

The real and current state of affairs or conditions, as opposed to theoretical considerations or expectations.

Financial Bottom Line

A reference to the net income, profit, or loss reported at the bottom of a company's income statement.

Defining a Problem

The process of identifying and articulating an issue or challenge that needs to be addressed or solved.