Which of the Following Is Not an Element of Friction-Free

question 16

Multiple Choice

Which of the following is not an element of friction-free commerce?

• A) Information is equally distributed.
• B) Transaction costs are high.
• C) Prices can be dynamically adjusted to reflect actual demand.
• D) Unfair competitive advantages are eliminated.

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Definitions:

Parallel Circuit

An electrical circuit configuration where components are connected alongside each other, leading to the same voltage across all components but different current through each.

Inductive Reactance

The opposition that inductors present to current change in AC circuits, measured in Ohms.

Power Factor

A dimensionless number between -1 and 1 that represents the phase difference between the voltage and current in an alternating current (AC) electrical circuit.

Parallel Circuit

A circuit configuration where components are connected across each other's points, allowing multiple paths for the current to flow.