When there is a tendency for a particular product to come into favor with additional consumers because other consumers have chosen to purchase the product
A) negative market feedback occurs.
B) positive market feedback occurs.
C) there is no dominant strategy.
D) a price war must result.

Question

Quizplus · Accepted Answer

This situation is known as the bandwagon effect, where consumers are influenced by the choices of others and the popularity of a product increases. This results in positive market feedback.

When There Is a Tendency for a Particular Product to Come