Asch Found That the Likelihood of Conformity Increased with Group

question 5

Multiple Choice

Asch found that the likelihood of conformity increased with group size until __________ confederates were present.

• A) three
• B) four
• C) five
• D) six

Analyze the impact of external costs on market outcomes and the role of government in internalizing such costs.

Understand the principle of marginal analysis in the context of common resource use and market failure.

Recognize the economic rationale behind charging congestion fees and other similar mechanisms to mitigate negative externalities.

Determine the efficient level of production and consumption in the presence of external costs and benefits.

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Definitions:

Diseconomies of Scale

The phenomenon where production costs per unit increase as a firm or industry's output expands.

Output

The amount of something produced by a person, machine, or industry.

Total Cost

The aggregate of fixed and variable costs of production for a given level of output, encompassing all expenses needed to produce goods or services.

Produce

To create or manufacture goods and services for consumption using labor, materials, and machinery.