Which Statement Is False

question 113

Multiple Choice

Which statement is false?

• A)A few decades ago there were only 3 college textbook publishers,but now there are 20.
• B)The college textbook market is an example of a cutthroat competition type of oligopoly.
• C)A few decades ago there were 20 college textbook publishers,but now just 5 publish 80 percent of all college textbooks.
• D)All of these statements are false.

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Definitions:

Irrevocable Right

An irrevocable right refers to a legal entitlement or permission that cannot be withdrawn, cancelled, or revoked by the grantor once granted.

License

A revocable right to temporarily use another’s property.

Property

Assets or possessions, either tangible or intangible, owned by individuals or entities.

Restrictive Covenant

A promise to use or not to use one’s land in particular ways.