Mpire.com Helps Consumers by

question 311

Multiple Choice

Mpire.com helps consumers by

• A)tracking consumers' favorite purchases and alerting them by e-mail whenever something they're planning to buy goes on sale.
• B)providing a visual search engine the finds products that are similar in appearance by allowing customers to draw a box around the product or part of the product they like.
• C)tracking the price of products like TVs, clothing, and books to let consumers know if prices are increasing or decreasing.
• D)immediately notifying collectors if anything in the collectors' "find" list is advertised for sale on the web.
• E)calculating the value of used products, offering users a price for the product, and even sending a box to mail it.

---

Definitions:

TC Curve

A visual representation showing the relationship between the total cost incurred by a firm and the level of output produced.

Collusive Behavior

An agreement among firms in a market to set prices or output levels to avoid competition, often considered illegal.

Marginal Cost

The money spent on producing another unit of a product or service.

Cartel

A coalition of suppliers or manufacturers aimed at preserving elevated price levels and reducing competitive pressures.