Which of the Following Is Not a Prescriptive Strategy to Prevent

question 12

Multiple Choice

Which of the following is not a prescriptive strategy to prevent groupthink from developing?

• A)One or more members should be assigned the position of devil's advocate.
• B)Group members should be kept together as one unit and not divided into separate discussion subgroups.
• C)Outsiders should attend the meetings and challenge the group's views.
• D)After reaching a preliminary decision,the group should call a second-chance meeting and ask each member to express remaining doubts.

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Definitions:

Monopoly Wage Rate

The wage setting behavior of a monopolist employer who might set wages below competitive levels due to lack of competition in the labor market.

Competitive Wage Rate

The equilibrium wage set in a market where the demand for labor meets the supply, with no individual employer able to influence the wage rate.

Bilateral Monopoly

A bilateral monopoly occurs when a market consists of a single supplier and a single buyer.

Monopsonist

A market condition where there is only one buyer or a dominant buyer for a product or service, giving them significant power over prices.