Which of the Following Behaviors, According to the Studies at Ohio

question 51

Multiple Choice

Which of the following behaviors, according to the studies at Ohio State, is a consideration behavior?

• A) setting goals
• B) integration
• C) production
• D) organization
• E) incentives

---

Definitions:

Consumer Surplus

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

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers.

Competitive Market

A market structure characterized by many buyers and sellers, free entry and exit, and a product for which each seller offers an essentially identical item.

Efficient Outcomes

An economic condition whereby resources are allocated in the most effective manner, maximizing overall welfare.