Which of the Following Statements Is Correct About Implicit Alternatives

question 44

Multiple Choice

Which of the following statements is correct about implicit alternatives?

• A)Making an implied alternative explicit may increase the percentage of people selecting that alternative.
• B)When alternatives are close in preference or large in number,the alternatives at the end of the list have a greater chance of being selected.
• C)The split ballot technique should be used to rotate the order in which a list of alternatives appear.
• D)All of the above are correct.

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Definitions:

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out over more units of output.

Imperfect Competitors

Firms or entities in a market structure where they have some control over the price of their products, due to lack of perfect competition.

Natural Monopolies

Market situations where due to high fixed costs or unique resources, a single firm can supply a product or service more efficiently than any potential competitor, often resulting in regulation.

Public Utilities

Companies that provide essential services such as water, electricity, and gas to the public and are often subject to regulatory oversight.