A relevant market is characterized by the presence of ________
A) unique goods and services
B) reasonably interchangeable goods and services
C) highly differentiated goods and services
D) pure monopoly of the defendant's goods and products
B
You might also like to view...
A real estate salesman went into a neighborhood to obtain listings of residential property. He made representations that because of the entry into the neighborhood of minority groups, property values would be reduced by a decline in the quality of schools and an increase in the crime rate. These practices by the salesman are:
A: Permissible if the representations are true; B: Grounds for disciplinary action; C: Unethical, but beyond the jurisdiction of the Real Estate Commissioner; D: Justified if his activities do not decrease property values for neighboring properties.
Forces promoting national responsiveness include ________
A) strong local preferences B) homogeneous demand C) strong global preferences D) strong consumer liking towards foreign goods E) capital-intensive production