Which from the Following List Is NOT a Psychological Factor

question 69

Multiple Choice

Which from the following list is NOT a psychological factor that influences the consumer buying behaviour?

• A)personality
• B)culture
• C)attitudes
• D)learning
• E)motivations

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Definitions:

Lerner Index

An economic measure of a firm's market power, calculated as the difference between price and marginal cost relative to price.

Monopolistically Competitive

A market structure characterized by many firms selling products that are similar but not identical, allowing for competition primarily through product differentiation.

Cournot Equilibrium

A situation in an oligopoly in which each company chooses its production level assuming the output of its competitors, resulting in a stable market output.

Collusion

An agreement between firms to limit competition, set prices, or divide markets, which usually distorts the outcomes of a free market.