A perfect market is one in which:
A) there are no competitive advantages or asymmetries because all firms have equal access to all the factors to production.
B) one firm develops an advantage based on a factor of production that other firms cannot purchase.
C) one participant in the market has more resources than the others.
D) competition is at a minimum, as each niche market within an industry is served by the company with the greatest competitive advantage.
A
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The significance of a free-look provision is that it
A) provides life insurance policyholders with the right to return their policies for any reason within 10 days of delivery for a full refund of premiums B) means that the policyholder must be given access to the agent's records C) allows a life insurance policy to be issued without a physical examination D) is a special offer in which the policyholder receives the first 90 days of coverage for free"
The telephone has proven to be a good method of making appointments, keeping customers informed, and expressing appreciation, but it is an ineffective tool for building customer goodwill
Indicate whether the statement is true or false