Regarding Our Macro-Marketing System

question 60

Multiple Choice

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 of these alternatives are correct.

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Definitions:

Psychoanalytic

Relating to a systematic structure of theories concerning human behavior and the development of the personality, as well as techniques for treating psychological disorders, originally developed by Freud.

Religious Views

Opinions or beliefs concerning the nature, existence, and worship of a deity or deities, and the spiritual life.

Moral Behavior

Actions that are consistent with principles of right and wrong conduct, often guided by societal norms and personal ethics.

Tendency To Actualize

The inherent drive or motivation within individuals to realize their own capabilities and achieve their potential.