Which of the following is not an element of friction-free commerce?
A) Information is equally distributed.
B) Transaction costs are high.
C) Prices can be dynamically adjusted to reflect actual demand.
D) Unfair competitive advantages are eliminated.
B
Business
You might also like to view...
What type of a scale asks the respondent to state his/her agreement or disagreement with a series of statements about a specific brand in terms of a five-point scale ranging from strongly agree to strongly disagree?
a. Likert scale b. Semantic differential scale c. Paired-comparison scale d. Constant sum scale e. Numerical scale
Business
The PRSA code of ethics provides professionals in the public relations industry with specific standards of practice
Indicate whether the statement is true or false
Business