When Will Sees Other People Crying,he Cries Too,and When He

question 55

Multiple Choice

When Will sees other people crying,he cries too,and when he sees someone who is embarrassed,he feels embarrassed.Will would likely receive a high score on a measure of:

• A)reciprocity.
• B)narcissism.
• C)guilt.
• D)empathy.

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Definitions:

Externalities

Costs or benefits that result from an economic activity and affect third parties who did not choose to incur that cost or benefit.

Diseconomies of Scale

The phenomenon where, as a firm scales up its production, the per unit cost starts to increase, typically due to inefficiencies.

Economies of Scale

Economies of scale occur when a company reduces costs per unit due to an increase in production, typically achieved through operational efficiency and larger volume production.