Use the Following to Answer Questions: Table: Oil Output -(Table: Oil Output) Refer to the Table

question 157

Multiple Choice

Use the following to answer questions: Table: Oil Output $$\begin{array} { | l | l | c | c | } \hline & & \begin{array} { c } \text { Iran National Oil } \\\text { (profit in millions) }\end{array} & { } \\\hline & & \text { Restrict Oil Output } & \text { Expand Oil Output } \\\hline \text { Iraq National Oil } & \text { Restrict Oil Output } & \$ 78 , \$ 78 & \$ 60 , \$ 89 \\\hline \text { (profit in millions) } & \text { Expand Oil Output } & \$ 89 , \$ 60 & \$ 65 , \$ 65 \\\hline\end{array}$$
-(Table: Oil Output) Refer to the table. The equilibrium outcome is:

• A) $78, $78.
• B) $65, $65.
• C) $89, $60.
• D) $60, $89.

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Definitions:

Legitimate Power

A form of authority that is recognized and accepted by individuals because it stems from a position of responsibility in a hierarchy.

Referent Power

A form of influence based on the attraction or admiration one person has for another, often because of the latter's charisma or likability.

Coercive Power

Coercive power is the ability to control others through the threat of punishment or the imposition of unpleasant consequences.

Approach-Inhibition Model

A psychological theory that explains how power within social hierarchies can influence individuals’ behaviors, either encouraging or inhibiting actions.