The Presence of Competition in Free Markets

question 235

Multiple Choice

The presence of competition in free markets

• A) is undesirable because it results in unnecessary duplication of efforts.
• B) usually results in better quality and lower prices.
• C) is rare, since most markets eventually evolve into monopolies.
• D) is undesirable, because one big firm can usually produce goods more efficiently than a large number of small firms.

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Definitions:

Marketing Messages

Communications directed towards potential customers with the aim of promoting products or services.

Implies Offers

Suggesting or indicating a proposal or opportunity without explicitly stating it.

Marketing

The process of promoting, selling, and distributing a product or service.

Sales Messages

Communications designed to inform or persuade customers about a product or service.