Regarding Our MACRO-Marketing System

question 180

Multiple Choice

Regarding our MACRO-marketing system:

• A) consumers would be better off if our macro-marketing system were in pure competition-rather than monopolistic competition.
• B) marketing makes people buy things they don't need.
• C) advertising can actually lower final consumer prices-if it helps achieve economies of scale.
• D) monopolistic competition leads to higher prices, restriction of output, a waste of resources, and greater consumer dissatisfaction.
• E) All of these alternatives are correct.

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Definitions:

Equivocation

The misleading use of a term with more than one meaning or sense, causing a fallacy in argumentation due to ambiguous language.

Appeal to Ignorance

A logical fallacy in which it is claimed that a proposition is true because it has not yet been proven false, or vice versa.

Burden of Proof

The obligation to prove one's assertion or argument, typically resting on the party who makes a claim in a dispute.

Fallacy

A deceptive, misleading, or false notion, belief, or argument; often, a statement or argument based on a false or invalid inference.