A Student Forgets That He Has an Important, but Difficult

question 279

Multiple Choice

A student forgets that he has an important, but difficult test that day in his psychology class. This is an example of ______.

• A) denial
• B) regression
• C) repression
• D) suppression

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Definitions:

Tacit Collusion

Collusion occurs when price- and quantity-fixing agreements among producers are explicit. Tacit collusion occurs when such agreements are implicit.

Quantity-fixing

The determination of the quantity of a product or service to be produced or provided, often in the context of collusive agreements or regulatory mandates.

Colluding

The act of cooperating or conspiring, especially in a deceitful way, often to fix prices or manipulate markets in a manner that is usually illegal.

Output Decisions

Refers to choices made by businesses about how much of a product to produce, based on factors like costs, demand, and competition.