(Consider This) In 1975, McDonald's introduced its Egg McMuffin breakfast sandwich, which remains popular and profitable today. This longevity illustrates the idea of
A) opportunity cost.
B) upsloping supply.
C) consumer sovereignty.
D) specialization.

Question

Quizplus · Accepted Answer

The fact that the Egg McMuffin has remained popular and profitable for over 45 years indicates that it has consistently met the demands of consumers. This is an example of consumer sovereignty - the idea that consumers determine which goods and services are produced by the choices they make in the marketplace.

(Consider This) in 1975, McDonald's Introduced Its Egg McMuffin Breakfast