Economists call the influences of the decisions of others on our decisions ________
A) peer effects
B) moral hazard
C) externalities
D) cluster effects
A
Economics
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Which of the following will improve your bargaining position when contracting with a supplier
a. You are better able to accommodate other suppliers' brands b. You must only buy the raw material from your preferred supplier to ensure quality c. Two of your suppliers merge d. Your final product that includes this component becomes more profitable
Economics
The market demand curve
a. is the sum of all individual demand curves. b. is the demand curve for every product in an industry. c. shows the average quantity demanded by individual demanders at each price. d. is always flatter than an individual demand curve.
Economics