When All Else Fails Select the Situational Causal Attribution

question 3

Multiple Choice

When All Else Fails Select the situational causal attribution

• A)She drove rapidly because she has a Type A personality.
• B)She failed the exam because of poor study skills.
• C)She was hired because the recruiter knew her father.
• D)She was promoted due to her competence.

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Definitions:

Tacit Collusion

A form of collusion among competing firms in an industry to raise prices or slow production informally without a direct agreement.

Price Leadership

A pricing strategy where a dominant firm in the market sets the price of goods or services, and other competitors follow.

Tacit Collusion

An unofficial agreement among competitors to limit competition and keep prices high, without explicit communication or legal contracts.

Price Leadership

A strategy where the leading firm in a market sets the price of goods or services, and other firms in the market follow suit.