The Tendency to Interpret Peers' Behavior on the Basis of Past

question 20

Multiple Choice

The tendency to interpret peers' behavior on the basis of past encounters and feelings is called:

• A)social comparison
• B)social antagonism
• C)negative gossip
• D)reputational bias

Understand and graph systems of linear inequalities.

Solve systems of linear equations using Cramer's rule.

Use determinants to find the equations of lines.

Understand Kirchhoff’s laws and apply them to solve for currents in an electrical network.

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Definitions:

Price Leadership

A form of oligopoly in which one dominant firm sets prices and all the smaller firms in the industry follow its pricing policy.

OPEC Cartel

An organization of oil-producing countries that coordinates and unifies petroleum policies to secure fair and stable prices for petroleum producers.

Predatory Pricing

A competitive strategy where a firm sets very low prices with the intention of driving competitors out of the market, or to prevent new entries.

Antitrust Laws

Regulations designed to promote competition and prevent monopolies by limiting the power of large corporations.