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There Are Various Nonprofit Publications Dedicated to Assisting in Consumer

question 20

Multiple Choice

There are various nonprofit publications dedicated to assisting in consumer education and decision making. Examples of these public sources of information for an external information search include Consumer Reports, __________, and TV consumer programs.


Definitions:

Government Intervention

Regulatory actions taken by a government in order to affect or interfere with decisions made by individuals, groups, or organizations regarding economic and social matters.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers is equal to the quantity supplied by producers, resulting in a stable market condition.

Marginal Consumer

A consumer who is indifferent between purchasing and not purchasing an additional unit of a good, based on the current price.

Social Cost

The total cost of an activity to society, including both private and external costs.

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