Examlex
Which of the following may transform an industry from oligopoly to monopolistic competition?
Normative Influence
The influence of other people that leads us to conform in order to be liked and accepted by them.
Idiosyncrasy Credits
A theoretical currency individuals earn by conforming to group norms; these credits give the individual leeway to deviate from norms at later points without facing negative repercussions.
Membership Fee
The amount of money required to join an organization, club, or group.
Sociometric Rankings
Measurement of social relationships, usually through surveys or observations, to determine social preferences, choices, and group structures.
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