Quiz: Quiz #7 pt Are co only interested in making themselves as well off as poss

Question

Quiz: Quiz #7 pt Are co only interested in making themselves as well off as possible in a material sense? Consumers are also concerned with fairness as exemplified by tipping in restaurants that will never be visited again. O B. only concerned with their own utility as exemplified by social influences having no effect on decision-making O C. only concerned with their own financial well-being as exemplified by only parting with money when required A. D. also concerned with fairness as exemplified by network externalities E. only concerned with their own utility as exemplified by only tipping in restaurants that will be visited again

Explanation / Answer

also concerned with fairness as exemplified by tipping in restaurants that will never be visited again because
If people were only interested in making themselves as well off as possible in a material sense, they would not be concerned with fairness. There is a great deal of evidence that people like to be treated fairly and that they usually attempt to treat others fairly even if doing so makes them worse off financially.

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