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What Are the Factors That Can Lead to a Low-Cost

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What are the factors that can lead to a low-cost position?


Definitions:

Deindividuation

A psychological state where an individual loses self-awareness and a sense of individuality, often leading to disinhibited behavior.

Groupthink

A phenomenon that occurs within a group of people, where the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.

Implicit Attitudes

Unconscious beliefs or feelings towards people, objects, or concepts that influence one's responses independently of conscious control.

Just-World Phenomenon

The tendency for people to believe the world is just and that people therefore get what they deserve and deserve what they get.

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