Bailey Reads Wikis at the Beginning of His Research Project

question 872

Multiple Choice

Bailey reads wikis at the beginning of his research project to get his bearings on the topic.He switches to peer-reviewed journals and professional publications for his formal sources.Why does Bailey not use wikis as formal sources?

• A) No one is familiar with wikis.
• B) Wikis can be heavily biased.
• C) Users can post false information in wikis.
• D) Experienced editors verify changes made to wiki articles.

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Definitions:

Consumer Surplus

The difference between what consumers are willing to pay for a good or service and what they actually pay, indicating the benefit to consumers.

Demand Curve

The Demand Curve is a graph showing the relationship between the price of a good and the quantity of that good that consumers are willing to purchase at each price level.

Consumer Surplus

The difference between the maximum price a consumer is willing to pay for a product and the actual price they pay.

Total Consumer Surplus

The sum of the individual consumer surpluses of all the buyers of a good in a market.