A Shrink-Wrap License Goes into Effect as Soon as You

question 100

Multiple Choice

A shrink-wrap license goes into effect as soon as you ____.

• A) use it
• B) purchase it
• C) open it
• D) register it

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Definitions:

Socially Optimal

A state of resource allocation where social welfare is maximized, balancing benefits and costs to society.

Private Value

Refers to the specific value that an individual or organization assigns to a good or service, based on personal assessment rather than market value.

Antibiotic Overuse

The excessive use of antibiotics which can lead to antibiotic resistance, diminishing the effectiveness of these drugs against bacterial infections.

External Cost

A cost incurred by a third party who did not agree to the action that caused the cost, often associated with negative environmental impacts or health hazards.