As Observed by Asch (1956), the Optimal Number of Confederates

question 59

Multiple Choice

As observed by Asch (1956) , the optimal number of confederates, above which conformity did not significantly increase, was

• A) 1 or 2.
• B) 3 or 4.
• C) 5 or 6.
• D) 7 or 8.

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Definitions:

Economic Profit

The profit a firm or individual makes after deducting both explicit and implicit costs.

Imperfect Substitutes

Goods or services that can replace each other to some extent, but have differences in features, quality, or price that make them not completely interchangeable.

Brand Names

Names given to products or services by companies to distinguish them from competitors.

Profit-maximizing Price

The price level at which a business can achieve the highest possible profits, given its cost structure and demand for its products.