John Has the Tendency to Avoid Responsibility by Free-Riding in Groups.This

question 26

Multiple Choice

John has the tendency to avoid responsibility by free-riding in groups.This is called:

• A) laziness.
• B) redundancy.
• C) social loafing.
• D) work avoidance.

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Definitions:

Consumer Surplus

The distinction between the full amount consumers are willing and able to spend on a good or service and the actual sum paid.

Price Floor

A government or group-imposed price control or limit on how low a price can be charged for a product, above the equilibrium price.

Consumer Surplus

The discrepancy between the total price consumers are willing to pay for a service or good versus what they actually spend on it.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service compared to what they actually pay.