Freire Did Very Poorly on His Last Arithmetic Test

question 29

Multiple Choice

Freire did very poorly on his last arithmetic test. The tendency to make the fundamental attribution error might lead his sixth-grade teacher to conclude that Freire did poorly because

• A)he is not motivated to do well in school.
• B)the test covered material that had not been adequately covered in class.
• C)his parents had an argument the evening before the test.
• D)he was not given enough time to complete the test.

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Definitions:

Monopolistically Competitive

A market structure characterized by many firms selling similar but not identical products, allowing for some degree of market power and product differentiation.

Five Forces Model

A model developed by Michael Porter that helps us understand the five competitive forces that determine the level of competition and profitability in an industry.

Competitive Forces

Refer to the various external factors that influence the level of competition in an industry, impacting how businesses operate and compete. This includes rivals, threat of new entrants, supplier power, buyer power, and threat of substitute products or services.

Rivals

Competitors within the same market who are vying for the same customers with similar products or services.