Harry Has Always Strongly Believed That It Is Wrong to Shoplift

question 70

Multiple Choice

Harry has always strongly believed that it is wrong to shoplift. But after he himself shoplifts some inexpensive jewellery, his attitude toward shoplifting becomes less harsh. Which theory best accounts for this attitude shift?

• A) role-playing theory
• B) self-monitoring theory
• C) self-perception theory
• D) cognitive dissonance theory

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Definitions:

Monopolized

Dominated or controlled entirely by a single entity, often in reference to a market situation where one firm holds the majority market share.

Lerner Index

A measure of a firm's market power and pricing strategy, defined as the difference between price and marginal cost, scaled by price.

Elastic

Describes a situation where the quantity demanded or supplied of a good or service changes significantly in response to price changes.

Inelastic Demand

Describes a situation where the demand for a product does not change significantly in response to a change in the product's price.