Which of the Following Is Not an Implication of Intangibility

question 76

Multiple Choice

Which of the following is not an implication of intangibility?

• A)Pricing is straightforward
• B)Services cannot be inventoried
• C)Services cannot be easily communicated to customers
• D)Services cannot be owned

---

Definitions:

Economic Efficiency

A state where resources are optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency.

Monopolist

An individual or entity that has the exclusive control or possession of the supply or trade in a commodity or service, allowing them to manipulate the market.

Selling Price

Selling price is the amount of money that a seller is willing to accept in exchange for a good or service it provides to buyers.

Marginal Cost

The extra expense resulting from the manufacture of an additional unit of a product or service.