Which of the Following Statements Is Not True

question 71

Multiple Choice

Which of the following statements is not true?

• A) Information asymmetries are continually being introduced by merchants and marketers.
• B) Intermediaries have not disappeared.
• C) Overall transaction costs have dropped dramatically.
• D) Brands remain very important in e-commerce.

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Definitions:

Industry Curve

A graphical representation showing how the average costs of production change as the total output of an industry changes.

Private Bargaining

The process of negotiating terms directly between parties without external intervention.

Externality

An outcome from economic behavior that impacts individuals not directly involved, which may be beneficial or harmful.

Initial Assignment

The initial distribution or allocation of tasks, responsibilities, or resources at the start of a project or process.