Until It Was Canceled Due to Safety Concerns in 2009

question 97

Multiple Choice

Until it was canceled due to safety concerns in 2009, thousands of UCLA students used to gather several times a year for an "undie run" as a way of relieving stress during finals. What is this an example of?

• A) emergent norms
• B) a public goods dilemma
• C) the tragedy of the commons
• D) collective behavior
• E) contagion theory

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Definitions:

Output Value

The total value of all goods or services produced by a firm or economy, often measured in terms of monetary value.

Imperfectly Competitive Market

A market structure where the assumptions of perfect competition, such as a large number of buyers and sellers, homogeneity of products, and free market entry and exit, are not fully met.

Purely Competitive

A market structure characterized by many buyers and sellers, free entry and exit, and a standardized product.

Product Selling

The process of marketing and selling goods or services to customers.