Diffusion of Responsibility Is Often Linked with the ________ Effect

question 7

Multiple Choice

Diffusion of responsibility is often linked with the ________ effect.

• A)escalation of commitment
• B)sunk costs
• C)Barnum
• D)Ringelmann
• E)innocent bystander

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Definitions:

Herfindahl Index

A measure of market concentration used to determine the competitiveness of an industry, calculated by squaring the market share of each firm competing in the market.

Oligopoly

A market structure characterized by a small number of firms that dominate the market, leading to limited competition and potential for collusion.

General Rule

An established guideline or principle that is generally followed or considered as a norm in a particular field or situation.

Herfindahl Index

A measure used to calculate the level of concentration in a market, by summing the squares of the market shares of each firm.