Which of the following is a fair definition of price?

A) In purely economic terms, price is the monetary value of a good or service.
B) Price is a measure of what a customer is required to give up to obtain a good or service.
C) None of the above
D) Both A and B

Answer: D

Business

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In the context of justifiable reliance on a false assertion, which of the following is true of the modern contract law?

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A broker associate may receive referral fees from out-of-state brokers without notifying their employing broker.

a. true b. false

Business