​Companies That Display TRUSTe Logo on Their Websites Need Not

question 69

True/False

​Companies that display TRUSTe logo on their websites need not disclose to consumers how they collect personal data and what they do with that information.

---

Definitions:

Monopoly

A market structure characterized by a single seller selling a unique product in the market.

Product Differentiation

The technique of setting a product or service apart from competitors to enhance its appeal to a distinct target audience.

Long-run Profits

Earnings achieved over an extended period, where all inputs can be adjusted by firms, reflecting the company's ability to adapt and reoptimize operations.

Perfectly Competitive

A market structure characterized by many buyers and sellers, homogeneous products, free entry and exit, and perfect information.