What Is the Most Likely Reason That Consumers Rarely Protest

question 71

Multiple Choice

What is the most likely reason that consumers rarely protest import restrictions that raise the prices they pay for a specific product?

• A)They reason that if the import restrictions are removed, the foreign producers will raise their prices to those of the domestic producers anyway.
• B)Many countries prohibit consumers to band together to influence political actions.
• C)Typically, although the added costs to consumers for a given product are high in aggregate, they are fairly trivial for most individual consumers.
• D)They reason that if they do something to hurt domestic employment for one product, the displaced workers will then do something that will hurt their own employment.

---

Definitions:

Market Conditions

The characteristics and influences that affect the supply and demand for products and services in a particular market.

Successful

Describes achieving set goals or objectives through effective planning, execution, and evaluation, often associated with positive outcomes or profitability in a business context.

Create Value

The process of enhancing or increasing the worth of a product, service, or activity, often leading to a competitive advantage.

Exchange Relationships

Interactions between two or more parties in which goods, services, or ideas are exchanged, usually in a market context.