All of the following are true regarding the Federal Trade Commission's (FTC) Bureau of Consumer Protection except which one?
A) It relies on consumers and competitors to report false advertising.
B) It is a federal agency.
C) It generally tries to convince companies to cease or alter false advertising.
D) It cannot bring a civil case against a firm's managers for false advertising.
D) It cannot bring a civil case against a firm's managers for false advertising.
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Economists define a market to be competitive when the firms
A) spend large amounts of money on advertising to lure customers away from the competition. B) watch each other's behavior closely. C) are price takers. D) All of the above.
Partnership can function as an efficient organizational form when partners have similar backgrounds and skills, and each of their income is largely determined by individual effort
Indicate whether the statement is true or false