Intangible Property Does Not Exist in a Physical Form

question 69

True/False

Intangible property does not exist in a physical form.

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Definitions:

Cartel

An alliance of firms that coordinate their actions to control the supply of a product or service, thus influencing the market price.

Marginal Cost

The hike in total costs linked to the creation of one more unit of a product or service.

Antitrust Legislation

Laws designed to promote market competition by regulating anti-competitive conduct by companies.

1776

The year associated with the Declaration of Independence of the United States, marking its foundation.