Goods or Services Are Capable of Being Distinct If

question 152

Multiple Choice

Goods or services are capable of being distinct if:

• A) The seller regularly sells the good or service separately.
• B) A buyer could use the good or service on its own.
• C) A buyer could use the good or service in combination with goods or services the buyer could obtain elsewhere.
• D) The seller regularly sells the good or service separately, or the buyer could use the good or service on its own, or the buyer could use the good or service in combination with goods or services the buyer could obtain elsewhere.

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Definitions:

Luchins

Refers to a series of experiments or the psychologist, Abraham Luchins, famous for his work on mental set and problem solving.

Fundamental Attribution Error

The tendency to overestimate the effect of disposition or personality and underestimate the effect of situational factors when observing others' behaviors.

Attributions

Explanations for the causes of events or behaviors, often as internal (personal) or external (situational) factors.

Behavior

The actions or reactions of an organism or system, usually in relation to its environment.