People Who Score High on Hostility

question 64

Multiple Choice

People who score high on hostility

• A)act in a disagreeable manner when frustrated.
• B)are usually violent and aggressive.
• C)are violent and aggressive when dealing with submissive people.
• D)have all of these qualities.

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Definitions:

Purely Competitive

Refers to a market structure characterized by a large number of buyers and sellers, where all firms offer identical products and there is free entry and exit.

Profit-maximizing Level

The output level at which a firm achieves the highest possible profit.

Short-run

In economics, a period wherein at least one input (like capital) is fixed, and firms can only adjust variable inputs (like labor).

Normal Profits

The level of profit necessary to keep a firm in a specific industry or market in the long run, equating to the firm’s opportunity costs.