The Members of Your School's Student Union Want to Hold

question 4

Multiple Choice

The members of your school's student union want to hold a dance.You are in favor of the dance but are reluctant to help plan it because you don't think enough students will get involved and believe the event will be a failure.What type of social dilemma do you face?

• A) public goods problem
• B) resource contingency trap
• C) social trap
• D) resource dilemma

---

Definitions:

R&D

Research and Development refers to the activities companies undertake to innovate and introduce new products or services.

Product Differentiation

Product differentiation is the process of distinguishing a product from others in the market, through features, branding, or quality, to attract a specific consumer segment.

Decreasing-Cost Industries

Industries in which costs per unit decline as the scale of production increases, often due to efficiencies gained in the production process.

Legal Protection

Measures, laws, and regulations designed to safeguard individuals' rights, property, and well-being in a legal context.