Which Is the Most Accurate Statement

question 125

Multiple Choice

Which is the most accurate statement?

• A)There is no real competition in the American economy.
• B)To allow the price mechanism to work we need many competing firms in each industry.
• C)The forces of supply and demand do not operate in our economy.
• D)The price mechanism functions perfectly in our economy.

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Definitions:

Service Mark

A mark used in the sale or the advertising of services, such as to distinguish the services of one person from the services of others. Titles, character names, and other distinctive features of radio and television programs may be registered as service marks.

Trade Name

A commercial name under which a company conducts business, recognized as a form of trademark used to identify the business to the public.

Trade Secret

Confidential business information that provides a competitive edge, such as formulas, practices, designs, or processes, protected from public disclosure.

Domain Name

The series of letters and symbols used to identify a site operator on the Internet; part of an Internet “address.”