In an effort to serve consumers who have become more health conscious, a number of firms have begun developing small electronic devices which allow people to monitor various health conditions.These firms are reacting to which of the three key economic ideas?
A)people are rational
B)people respond to economic incentives
C)optimal decisions are made at the margin
D)firms attempt to maximize revenues

Question

Quizplus · Accepted Answer

The firms are responding to the economic incentive of catering to the growing demand for health-conscious products.

In an Effort to Serve Consumers Who Have Become More