Which of the Following Is a FALSE Statement

question 56

Multiple Choice

Which of the following is a FALSE statement? 

• A) The total spending power of African Americans is considerable. 
• B) The average age of African Americans is younger than that of any other segment. 
• C) African-Americans are geographically concentrated. 
• D) African-Americans tend to purchase prestige and name-brand products in lower proportion than other segments. 
• E) None of these are correct.

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Definitions:

Marginal Products

The additional output that is produced by employing one more unit of a variable factor of production, holding other inputs constant.

Separating Equilibrium

A situation in economics where different types of market participants can be distinguished based on their actions or decisions.

Pooling Equilibrium

A situation in game theory where different types of players choose the same strategy, making it impossible for observers to differentiate between them based on their actions.

Microeconomics

A branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.