Which of the Following Are Properties Required to Define Von

question 6

Multiple Choice

Which of the following are properties required to define Von Neumann-Morgenstern utility?

• A) dependence of rankings
• B) non-transitivity
• C) ranking of alternatives
• D) none of the above

---

Definitions:

After Sales Service

Support provided by a company after a customer has purchased a product, including maintenance, repair services, and assistance.

Bundled

A marketing strategy wherein multiple products or services are packaged together and sold at a single price, often offered to encourage purchase.

Directly to Consumer

A business strategy where products are sold directly from the manufacturer or producer to the consumer without intermediary retailers.

Double Marginalization

A phenomenon in vertical supply chains where each layer of production adds its own markup, leading to higher prices for end consumers.