Which of the Following Is an Example of a Facilitating

question 30

Multiple Choice

Which of the following is an example of a facilitating function that intermediaries perform?

• A)Transporting goods to customers
• B)Purchasing goods for resale
• C)Maintaining inventory
• D)Extending credit to customers
• E)Transacting with potential customers

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Definitions:

Zero-Sum Game

A situation in game theory where the gain of one participant is exactly balanced by the loss of another participant.

Credible Threat

A promise of negative consequences that is believable and likely to influence behavior in strategic situations.

Collusive Agreements

Refers to arrangements between firms to limit competition, fix prices, or divide markets among themselves, often leading to higher prices for consumers.

Dominant Firm

A company with a major share of market sales, which has the power to influence market conditions and pricing.