Which of the Following Is Not One of the Minimal

question 43

Multiple Choice

Which of the following is not one of the minimal requirements for a group to exist?

• A) There must be two or more individuals
• B) There must be some form of exchange or communication between these individuals
• C) There must be a formal leader
• D) They must be attempting to accomplish a common goal

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Definitions:

Consumer Goods

Products and services that satisfy human wants directly.

Dollar Votes

A term suggesting that consumers participate in the market and influence production and consumption patterns through their spending choices.

Product Market

The marketplace where final goods or services are traded between producers and consumers.

Coordination Problem

A situation where the components of a system fail to work together effectively, leading to inefficient or undesirable outcomes.