Which of the Following Assumptions Is One of the Four

question 115

Multiple Choice

Which of the following assumptions is one of the four core assumptions of social psychology?

• A) Behavior is determined exclusively by situations.
• B) Social interaction is the result of people's dispositional patterns of social-emotional functioning.
• C) The scientific method is only one way of understanding human behavior; other approaches, such people's cultural knowledge, are equally valid.
• D) All human thought is inherently social.

Understand the effects of monopolistic practices on market equilibrium, consumer surplus, and deadweight loss.

Identify the components and consequences of deadweight loss in monopoly pricing.

Understand the concept and implications of perfect price discrimination by monopolists.

Relate the concepts of consumer surplus and deadweight loss to the efficiency of monopolies and perfectly competitive firms.