When Darren's Classmate Earns a D on an Essay for Their

question 53

Multiple Choice

When Darren's classmate earns a D on an essay for their history class, Darren figures the classmate is unmotivated and should have spent more time working on the paper and less time socializing. The classmate is disappointed with her grade, but she knows she didn't have much time to work on the essay because she had to work double shifts the entire week before the paper was due. The different attributions for the low grade on the essay illustrate ​

• A)the actor-observer bias.
• B)defensive attributions.
• C)the self-serving bias.
• D)cognitive dissonance.

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Definitions:

Monopoly

A market structure characterized by a single seller who has exclusive control over the supply of a good or service.

Perfect Price Discrimination

Occurs when a firm charges the maximum amount that buyers are willing to pay for each unit.

Consumer Surplus

The contrast between the summed value consumers intend and can afford to pay for a product or service and the actual cost they bear.

Deadweight Loss

The loss of economic efficiency that occurs when the equilibrium for a good or a service is not achieved or is unattainable.