Examlex
Which of the following statements describes the predominant atmospheric conditions at the South Pole?
Brand Loyalty
The tendency of consumers to continuously purchase the same brand's products over competitors due to preferences, satisfaction, or perceived value.
Monopoly Power
The ability of a single entity to control a significant portion of the market and influence price or output levels.
Status Quo Bias
A cognitive bias that leads individuals to prefer things to remain the same or maintain their current state over pursuing change.
Status Quo Bias
The preference for maintaining current conditions or resisting change, even when better alternatives exist.
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