An Objective of Our MACRO-Marketing System Should Be To

question 7

Multiple Choice

An objective of our MACRO-marketing system should be to:

• A) eliminate monopolistic competition.
• B) eliminate materialism.
• C) satisfy only the minimum material requirements of life.
• D) eliminate advertising, which will lower prices.
• E) continually seek more satisfying solutions to consumer problems.

---

Definitions:

Social Value

The importance or benefits a project, policy, or action brings to the community or society at large, beyond just economic gains.

Private Cost

The cost incurred by an individual or company in producing goods or services, excluding externalities.

Private Value

The value of a good or service to an individual buyer or seller which is independent of the market price or the value others might derive from it.

Externalities

Results of business activities on external entities not considered in the product or service's price.