Downward Social Comparison Is a

question 110

Multiple Choice

Downward social comparison is a

• A) tactic for managing one's self-image.
• B) tactic for managing cognitive overload.
• C) tactic for persuading others that you are correct.
• D) tactic for increasing the accuracy of one's self-image.

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Definitions:

Industry Exit

The process by which a company ceases operations in a specific industry, typically due to financial losses, market competition, or changing industry conditions.

Long Run Adjustments

Changes or adaptations made by firms in response to long-term changes in market conditions, where all inputs and production capacities can be varied.

Constant-cost Industry

An industry where the costs of production, including inputs and technology, do not change as the total output of the industry changes.

Long-run Equilibrium

A state in which all aspects of an economy or market are balanced, and all adjustment processes have been completed over time.