Which of the Following Is True of a Market Version

question 4

Multiple Choice

Which of the following is true of a market version of utilitarianism?

• A)Questions of safety and risk are determined by experts.
• B)Social science determines policies to maximize the overall good.
• C)Individuals calculate for themselves what risks they wish to take.
• D)A government regulator determines the safety standards in the marketplace.

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Definitions:

Loud Music

High-decibel sound from musical instruments or audio systems, often considered disturbing or a nuisance in certain contexts.

Communicable Diseases

Illnesses caused by viruses, bacteria, or other microorganisms that can be transferred from person to person, directly or indirectly.

Signaling Mechanism

A signaling mechanism is a method by which one party conveys information about itself or its intentions to another party, often used in markets where information asymmetry exists.

Efficient Level

An optimal efficiency point where resource allocation results in the highest possible benefit or output with the least waste of resources.