If a Contract Requires the Seller to Merely Ship the Goods,which

question 41

Multiple Choice

If a contract requires the seller to merely ship the goods,which of the following is false?

• A)The seller must put goods into the possession of a carrier.
• B)The seller must make a reasonable contract with the carrier to take the goods to the buyer.
• C)The seller must notify the buyer that the goods have been shipped.
• D)The seller must provide the buyer with pertinent tracking information,if available.

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Definitions:

Monopolistic Competition

A market structure marked by many competing firms offering products or services that are similar, but not perfect substitutes.

Oligopoly

A market structure characterized by a small number of firms controlling a large portion of the market share, leading to limited competition.

Long-run Equilibrium

A state in which all factors of production and costs are variable, and all firms in an industry are making normal profit, resulting in market stability over time.

Average Total Cost

The total cost of production (fixed and variable costs) divided by the total quantity of output produced.