What Is Deindividuation

question 72

Multiple Choice

What is deindividuation?

• A) the loss of individuality and reduction of constraints against deviant behaviour
• B) the decrease in individual effort on simple group tasks
• C) the tendency for group decisions to be more extreme than the decisions of the individuals comprising the group
• D) the impairment in group decision making that results from a concern with unanimity

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Definitions:

Price-fixing Agreement

An illegal arrangement in which businesses agree on prices of their goods or services, undermining competition.

Market Structures

The organizational and other characteristics of a market that influence the nature of competition and pricing.

Oligopolistic Industry

A market structure characterized by a small number of firms that dominate the market, leading to competitive yet interdependent pricing and marketing strategies.

Collude Effectively

To engage in a secret agreement or cooperation among parties, often competitors, for a deceitful or illegal purpose, such as fixing prices or rigging markets.