The Time and Money It Takes to Organize a Group

question 55

Multiple Choice

The time and money it takes to organize a group or a campaign and to get people's attention:

• A)is the cost of collective action.
• B)is the reason why collective action does not occur in the real world.
• C)is a concentrated cost to individuals but a diffuse cost to society.
• D)leads to corruption and rent-seeking behavior.

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Definitions:

Financial

Related to finances or financial systems, involving money management, investment, and economic activities.

Social

Relating to society or its organization; involving the gathering of people or entities for mutual benefit.

Product Life Cycle

A concept in marketing that describes the stages a new product goes through in the marketplace: introduction, growth, maturity, and decline.

Persuading

The act of influencing or convincing someone to do or believe something through reasoning or the use of emotional appeal.