A company has designed an alarm clock that "runs and hides" after going off, forcing the person to get up and find the alarm clock if he or she wants to shut off the alarm. According to behavioral economists:

A. it is unlikely to alter people's tendency to shut off the alarm and ultimately oversleep.
B. the alarm clock keeps people from hitting the snooze button and taking advantage of the
availability heuristic.
C. the alarm clock serves as a precommitment device, helping the user to stick to the
originally planned wake-up time.
D. overconfidence effects will discourage use of such devices.


Answer: C

Economics

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In the long run, the price of information products in monopolistically competitive markets will be equal to

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