Consider a Good Whose Consumption Takes Place Publicly

question 93

Multiple Choice

Consider a good whose consumption takes place publicly.Your decision to buy that good depends

• A)both on the characteristics of the product and on how many other people are buying the good.
• B)only on the characteristics of the good.
• C)only on how many other people buy the good.
• D)only on the price of the good.

---

Definitions:

Violation

The act of disregarding or breaking a rule, agreement, law, or code of conduct.

Serious Injury

An injury that poses a substantial risk of death, causes extreme physical pain, or leads to significant and lasting bodily harm.

Death

The cessation of all biological functions that sustain a living organism, marking the end of its life.

ERISA

The Employee Retirement Income Security Act (ERISA) is a federal law that sets minimum standards for most voluntarily established retirement and health plans in private industry to provide protection for individuals in these plans.