A Sudden Decrease in the Market Demand in a Competitive

question 13

Multiple Choice

A sudden decrease in the market demand in a competitive industry leads to ​

• A)​A market equilibrium price higher than the original equilibrium in the short-run
• B)A market equilibrium price equal to the original equilibrium in the long-run
• C)Both a and b
• D)​None of the above

Recognize the significance of friendship and task groups in achieving organizational goals.

Understand the concepts of team identity and its impact on organizational objectives.

Understand the stages of team development and characteristics of each stage.

Identify the constitutive elements and types of teams within organizations.

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Definitions:

Job Performance

Job Performance is the evaluation of how effectively an employee carries out their duties, tasks, and responsibilities associated with their job.

Group Entitativity

The extent to which a collection of individuals is perceived as a cohesive and unified group.

Unified Team

A team characterized by high levels of collaboration, shared goals, and a strong sense of cohesion among its members.

Identity Distinct

The unique characteristics and qualities that differentiate one individual or group from another.