A ________ Refers to a Set of Expected Behaviour Patterns

question 132

Multiple Choice

A ________ refers to a set of expected behaviour patterns attributed to someone who occupies a given position in a social unit.

• A)group cohesiveness
• B)role
• C)status system
• D)norm
• E)conformity behaviour

---

Definitions:

Nash Equilibrium

A concept in game theory where no player can gain by unilaterally changing their strategy if the strategies of the others remain unchanged.

Maximum Profit

The highest level of profit that can be generated from operations under given conditions and constraints.

Pricing High

Setting the price of a product or service significantly above the cost of production or acquisition to achieve higher margins.

Best Response

In game theory, it is the strategy that will give a player the highest payoff, given the strategies chosen by other players in the game.