What Must Be True for a Consumer to Buy a Good

question 270

Multiple Choice

What must be true for a consumer to buy a good or service?

• A) The price must be equal to or less than the marginal benefit.
• B) The total benefit received must equal the total spent to buy the good or service.
• C) The consumer must be able to obtain some consumer surplus.
• D) The consumer must not be able to produce the product.
• E) The price must be equal to or greater than the marginal benefit.

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Definitions:

Mexican Consumers

Individuals or households in Mexico that purchase goods and services for personal use.

Intellectual Property

Refers to creations of the mind for which exclusive rights are recognized, such as inventions, literary and artistic works, symbols, names, and images.

Trade-Related Aspects

Refers to the facets of international trade agreements that affect goods, services, and intellectual property rights.

World Trade Organization

An international organization that regulates international trade between nations, aiming to ensure trade flows as smoothly, predictably, and freely as possible.