In the Context of Technology, Identify a True Statement About

question 80

Multiple Choice

In the context of technology, identify a true statement about collaborative consumption.

• A) The cost of purchasing products or services is borne by one individual.
• B) The ownership of the assets is transferred to the user.
• C) It limits the sharing of goods or services.
• D) It enables people to earn and save money by sharing goods and services.
• E) It is an expensive form of trading.

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Definitions:

Revealed Preference

An economic theory that assumes consumers' preferences can be revealed by their purchasing habits.

Prices

The sum of money needed to buy a product, service, or property.

Violates WARP

Refers to an inconsistency in choice behavior that contradicts the Weak Axiom of Revealed Preference, indicating a possible preference reversal.

Bundle

A collection of items or services sold and purchased together.