Mae's Restaurant is the only establishment in town that sells cinnamon rolls. Mae therefore has a monopoly on the cinnamon roll business in town
Indicate whether the statement is true or false
TRUE
Explanation: A monopoly occurs when there is only one provider of a good or service and no substitutes for that good or service exist.
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According to Table 10-1, which of the following is not poor practice in making a firm's code of conduct more effective?
a. Post the code to the notice board without any action b. View the code as a confidential and/or internal document c. Make exceptions to the code's application in certain circumstances d. Make sure the code is similar to a competitor's code of conduct
Noncompeting products sold to customers in a specific region are usually marketed through ________ who take ownership but not physical possession of the goods
A) manufacturers' representatives B) brokers C) rack jobbers D) drop shippers E) agents