Which of the Following Is Not True Regarding E-Commerce Today

question 39

Multiple Choice

Which of the following is not true regarding e-commerce today?

• A) Economists' visions of a friction-free market have not been realized.
• B) Consumers are less price-sensitive than expected.
• C) There remains considerable persistent price dispersion.
• D) The market middlemen disappeared.

---

Definitions:

Pairwise Votes

A voting system where choices are compared to each other one at a time, with the option winning the most individual comparisons being selected.

Borda Count

A voting method in which voters rank options or candidates, and rankings are then converted into scores which are totaled to determine the winner.

Vacation Destination

A place where people go to relax, explore, and enjoy leisure activities during their holidays.

Condorcet Voting Paradox

A scenario in social choice theory where collective preferences are cyclic (i.e., not transitive) even if the individual preferences within the group are linear and transitive.