Which of the Following Is Most Likely to Be an Example

question 174

Multiple Choice

Which of the following is most likely to be an example of the winner's curse?

• A) a college student purchasing a text book at the campus book store
• B) a new parent subscribing to a parenting magazine
• C) roommates joining an online fantasy football league
• D) a baseball team offering the highest contract to a free agent player

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Definitions:

Marginal Utility

A term in economics referring to the additional satisfaction or utility that a person receives from consuming one more unit of a good or service.

Tuna

A large and diverse group of fish found in many parts of the world's oceans, often prized for their meat.

Peanut Butter

A staple food product made from ground dry roasted peanuts, often spread on bread or used as a cooking ingredient.

Perfect Complements

Goods that are always used together in fixed proportions, where the consumption of one is directly tied to the consumption of another.