Which of the Following Is False

question 14

Multiple Choice

Which of the following is false?

• A)For a monopolist there are no close substitutes for its product.
• B)Large corporations rarely use its vast political power for fear of facing anti-trust lawsuits.
• C)To be big is not necessarily to behave badly.
• D)A business that would normally be considered competitive can have a local monopoly because its nearest competitors are many miles away.

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Definitions:

Internal Search

The process by which individuals recall information from their memory to make a decision, often used in the context of consumer decision-making.

Purchase Task

Involves the specific actions and considerations an individual also undertakes when deciding to buy a product or service.

Consumer Reports Magazine

A monthly magazine that publishes reviews and comparisons of consumer products and services based on reporting and testing.

People Magazine Advertising

The purchase of advertising space in People Magazine, a popular American weekly magazine that specializes in celebrity news and human-interest stories, to reach a wide audience.