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Which of the following is not true regarding e-commerce today?Group of answer choicesConsumers are less price-sensitive than expected.Economists' visions of a friction-free market have not been realized.Price dispersion remains pervasive in many markets.Intermediaries have disappeared

Question

Which of the following is not true regarding e-commerce today?Group of answer choicesConsumers are less price-sensitive than expected.Economists' visions of a friction-free market have not been realized.Price dispersion remains pervasive in many markets.Intermediaries have disappeared

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Solution

The statement that is not true regarding e-commerce today is: "Intermediaries have disappeared." While e-commerce has certainly streamlined many processes, intermediaries such as payment processors, delivery services, and even online marketplaces themselves still play a significant role in most e-commerce transactions.

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