Which of the Following Statements Is Not True

question 257

Multiple Choice

Which of the following statements is not true?

• A)Our government alters how resources are allocated in the economy by taxing,spending and issuing regulations.
• B)The price mechanism will work best if there are a limited number of firms in each industry.
• C)Lack of the provision of public goods is considered a market failure.
• D)Not everything produced by the public sector is a public good.

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Definitions:

Marketing Mix

The set of controllable marketing tools—product, price, place, and promotion—that a company uses to produce a response in its target market.

Promotion

The advancement of a product, idea, or person through advertising or publicity to increase visibility or sales.

Integrated Marketing Communications

A strategic approach that combines various forms of communication and marketing tactics to provide a consistent message about a brand or product.

Gross Rating Points

Gross rating points measure advertising impact, indicating the sum of ratings achieved by a specific media campaign in a targeted audience.