Conspicuous consumption as an ability signal
A)completely different from a prisoner's dilemma.
B)is more effective if the positional goods nature of consumption causes everyone to consume elaborately.
C)will likely continue even if it is wasteful for all involved.
D)characterized by lower levels of consumption.

Question

Quizplus · Accepted Answer

Conspicuous consumption as an ability signal will likely continue even if it is wasteful for all involved because it serves as a means for individuals to signal their wealth or status to others, regardless of the inefficiency or waste involved.

Conspicuous Consumption as an Ability Signal