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After a group of gang members learned that their friend had died in a seemingly random accident, several of the friends started blaming a rival gang for the death. Even though there was no evidence whatsoever that the death had been intentional, the more the friends talked, the more passionate they became in their belief that an act of revenge was necessary. What concept from social psychology may contribute to an act of violent revenge in this case?
Economies of Scale
Economies of Scale refer to the cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.
Barriers to Entry
Obstacles that make it difficult for new competitors to enter a market.
Government-Set Barriers
Regulations or policies implemented by the government that restrict entry into certain markets or industries.
Demand Curve
An illustrative chart depicting how the cost of an item correlates with consumer demand for that item.
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