A Prediction Market Involves

question 43

Multiple Choice

A prediction market involves:

• A) leveraging customers to virally promote a firm's products or services.
• B) aggregating the opinions of a specialized group of experts who analyze a problem and suggest solutions.
• C) making calculated estimates on the prices of goods and services based on the speculation of a group of experts.
• D) polling a diverse crowd and aggregating opinions to form a forecast of an eventual outcome.
• E) trading on essential goods and services with a view of making a profit by hiking prices at a time of high demand.

---

Definitions:

Tort Against Property

Legal wrongs committed against someone's property, which can include damage, unauthorized use, or interference.

Trespass

An unauthorized intrusion on a person's property or rights, which can involve entering someone's land without permission or interfering with their possessions.

Personal Property

Assets or belongings that are not permanently fixed to one location, such as furniture, vehicles, and electronic devices, as opposed to real property like land or buildings.

Punitive Damages

Money damages awarded to a plaintiff to punish the defendant and deter future similar conduct.