Which of the Following Is True of a Firm That

question 62

Multiple Choice

Which of the following is true of a firm that acts as a consumer marketer?

• A)​The firm can also be a business marketer. 
• B)It has fewer customers than a business marketer. 
• C)The firm excludes the sale of goods that are sold in business markets.
• D)​Its customers are less geographically concentrated than business markets.

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Definitions:

Moral Hazard

The situation in which one party takes additional risks because they know they will not bear the full consequences of their actions.

Adverse Selection

A situation where sellers have more information than buyers, leading to high-quality goods and services being squeezed out of the market because they cannot be adequately priced.

Private Information

Information that some people have, but others do not.

Economic Decisions

Choices made by individuals, businesses, or governments involving the allocation of resources to satisfy their needs and desires.