When We Categorise Others, We See Them Through the Lens

question 44

Multiple Choice

When we categorise others, we see them through the lens of the relevant ingroup or outgroup prototype-we view them as members of a group, not as unique idiosyncratic individuals. This is referred to as:

• A) dehumanisation.
• B) the meta-contrast principle.
• C) depersonalisation.
• D) self-enhancement.

Apply game theory concepts to analyze strategic firm behavior in competitive markets.

Understand the impact of competitive dynamics on market output and pricing.

Analyze the effects of monopolization and market power on production and prices.

Apply the concept of Cournot equilibrium to determine firms' output in duopoly markets.

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Definitions:

Ethics

A branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong behavior.

Right And Wrong

Principles that govern the morality, ethics, and legality of actions or decisions.

Personal Morals

Refers to an individual's set of values and principles that guide their behavior, distinguishing between right and wrong.

Belief System

A set of principles or tenets that together form the basis for a religion, philosophy, or moral outlook.