What Are Norms and How Do Norms Affect Behavior? Are

question 36

Essay

What are norms and how do norms affect behavior? Are they more effective at affecting the behavior of some actors more than others?

Appreciate the economic rationale behind antitrust laws and how they aim to promote fair competition and protect consumers.

Identify and explain the role of various bodies and acts (such as the Federal Trade Commission Act and the Clayton Act) in enforcing antitrust laws.

Understand the concept of market power and its implications in antitrust law.

Recognize defenses against allegations of antitrust violations.

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Definitions:

Two-Track Mind

The concept that the human mind simultaneously processes information on both an unconscious and conscious level.

Masking Stimulus

A stimulus that interferes with the perception of another stimulus, often used in psychological experiments to test sensory thresholds or attention.

Priming

The process by which recent experiences increase the accessibility of a schema, trait, or concept, influencing responses.

Weber's Law

A principle in psychology stating that the smallest perceptible change in a stimulus is proportional to the magnitude of the original stimulus.