Mandy Calls a Local Newspaper and Pretends to Be a Neighbor

question 54

Multiple Choice

Mandy calls a local newspaper and pretends to be a neighbor who is away for the winter. She obtains account history and orders newspaper service for six months. Has Mandy committed fraud?

• A) No. The newspaper has not yet been delivered nor paid.
• B) Yes. She is in violation of the Gramm-Leach Bliley Act of 1999.
• C) No. Her neighbor can obtain all of the newspapers when they return next spring.
• D) Yes. She has engaged in mail fraud, Title 18, U.S. Code Section 1344.

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Definitions:

Natural Monopoly

A market condition where the cost of production is minimized by having a single firm produce the product, due to high fixed or startup costs.

Demand Schedules

A table that shows the quantity demanded of a good or service at different price levels.

Pure Monopolist

A market structure where a single seller controls the entire market for a product, with no close substitutes available, leading to significant control over price.