Prices Are the Signals That Guide the Decisions of Buyers

question 93

True/False

Prices are the signals that guide the decisions of buyers and sellers in the markets.

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Definitions:

Accountable

Being responsible or answerable for actions or decisions, either in a personal or professional context.

Deindividuation

A psychological state of decreased self-evaluation and decreased evaluation apprehension causing antisocial behavior, often occurring within groups.

Groupthink

A psychological phenomenon where the desire for harmony or conformity within a group results in an irrational or dysfunctional decision-making outcome.

Group Polarization

The tendency for a group to make decisions that are more extreme than the initial inclination of its members.