Seeing a Member of a Distinctive Group Perform an Undesirable

question 44

Multiple Choice

Seeing a member of a distinctive group perform an undesirable behavior can lead to the perception that the group has a "natural" tendency to perform that behavior. This perception is called

• A) illusory correlation.
• B) social role learning.
• C) categorization.
• D) one-trial stereotyping.

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Definitions:

Unregulated Monopoly

A market structure in which a single supplier dominates the market without any government intervention or regulation.

Economically Efficient

A situation where resources are allocated in a way that maximizes the production of goods and services without wasting any resources.

Zero Economic Profits

A situation where a firm's total revenues exactly equal its total costs, indicating no supernormal profit but covering all operating expenses.

Long-Run Equilibrium

A state in which a market's supply and demand balance out over time, with all firms earning normal profit and no incentive for new firms to enter or existing ones to exit.