A Credit Card Company Sells Its Customers' Mailing Addresses to Its

question 43

Multiple Choice

A credit card company sells its customers' mailing addresses to its competitors. In this scenario, the company's action is considered _____.

• A)ethical, but illegal
• B)legal, but unethical
• C)illegal and unethical
• D)legal and ethical

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Definitions:

Concentration Ratio

A measure used in economics to assess the degree of market concentration, often used to identify the presence of monopolies or oligopolies.

Market Share

The share of a market that a specific company or product holds, commonly described as a proportion of the market's overall sales.

Industry X

A placeholder term used to refer to a specific, unidentified industry or sector within the economy.

Oligopolies

Market structures characterized by a small number of firms controlling a large proportion of the market share, often leading to limited competition.