Which of the Following Is True Regarding Our Macro-Marketing System

question 30

Multiple Choice

Which of the following is true regarding our macro-marketing system?

• A)Consumers would be better off if our macro-marketing system were in pure competition,rather than monopolistic competition.
• B)Marketing makes people buy things they don't need.
• C)Advertising can actually lower final consumer prices if it helps achieve economies of scale.
• D)Monopolistic competition leads to higher prices,restriction of output,a waste of resources,and greater consumer dissatisfaction.
• E)All these answers are correct.

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Definitions:

Activity Rate

The cost driver rate that is used in activity-based costing to allocate overhead costs to products or services.

Activity Cost Pool

A grouping of all costs related to a specific activity or process in a company, used in activity-based costing.

Activity-Based Costing

A costing method that assigns costs to products based on the activities that go into making them, providing a more detailed measure of costs.

Overhead Applied

A calculation that allocates a portion of estimated overhead costs to individual units of production based on a predetermined formula.