Efforts by firms to secure patents increase the amount of competition in the affected markets

Because consumers want more Baby Bigfeet dolls, more Baby Bigfeet dolls will be produced and brought to the market. This is an example of

a. consumer sovereignty b. resources not being scarce c. ceteris paribus d. a natural resource e. macroeconomic activity

How might a person who lacks self-control behave differently than a rational consumer?

a. He would not try to maximize his marginal utility. b. He would overvalue the opinions of his friends. c. He would discount the future value of behaviors. d. He would be biased by the information he hears first.