Which of the Following Is Used to Explain Why a Consumer's

question 73

Multiple Choice

Which of the following is used to explain why a consumer's willingness to buy a mobile increases as the number of other people who own and use mobiles increases?

• A) network externalities
• B) market failure
• C) diminishing marginal utility
• D) the income effect of a price change

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Definitions:

Bartholomew's Typology

A theory in social psychology that classifies adult attachment patterns into four categories: secure, preoccupied, dismissing, and fearful-avoidant.

Internalized

The process of integrating beliefs, values, and norms into one’s own self-concept.

Negative Model

A detrimental pattern or example that influences behaviors or attitudes negatively.

Partner Selections

The process by which individuals choose their mates, often based on factors like personal preferences, cultural norms, and social compatibility.