In a Command Economy

question 222

Multiple Choice

In a command economy:

• A) producers generally have a lot of choice about what and how much to produce.
• B) prices usually fluctuate according to supply and demand.
• C) marketing activities such as advertising, branding, and market research are not allowed.
• D) consumers usually have some freedom of choice--but it is quite limited.
• E) All of the above are true.

---

Definitions:

Trademark Action

Legal proceedings initiated to enforce trademark rights or defend against allegations of trademark infringement.

Passing-off Action

A legal remedy against someone who falsely represents their own products or services as those of another, misleading consumers.

Intellectual Property

Rights obtained from intellectual efforts in sectors including industry, science, literature, and art.

Duty of Confidentiality

The obligation to keep information shared in a professional relationship private unless the individual has given consent to disclose it.