To Reduce the Likelihood of a Diffusion or Responsibility, One

question 33

Multiple Choice

To reduce the likelihood of a diffusion or responsibility, one should:

• A) make sure as many people are listening as possible.
• B) be part of a group.
• C) be careful not to single any one person out.
• D) single one individual out to be responsible.

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Definitions:

Marginal Revenue

The extra revenue obtained from the sale of an additional unit of a product or service.

Substitutes

Goods or services that can be used in place of each other, where an increase in the price of one leads to an increase in demand for the other.

Elastic

A characteristic of demand or supply where the quantity demanded or supplied responds significantly to price changes.

Imperfect Competition

A market structure characterized by a few sellers or buyers, creating an environment where the entities do not have to accept the market price and can influence it instead.