Which Is True

question 39

Multiple Choice

Which is true?

• A) A survey of 118 schools reported by Wechsler (2003) indicated that nearly 25% had adopted some form of norm-based intervention to combat binge drinking.
• B) The social-norm approach also has been applied to such issues as seatbelt use, tax compliance, and energy conservation.
• C) In 2006, the American Norm Misperception Center opened its offices on the campus of the University of Virginia.
• D) A survey of 118 schools reported by Wechsler (2003) indicated that nearly 10% had adopted some form of norm-based intervention to combat binge drinking.

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Definitions:

Collusion Methods

Strategies used by firms to set prices or output levels by agreement rather than through competition, often to maximize profits illegally or unethically.

Cartels

Coalitions of independent businesses formed to regulate production, pricing, and marketing of goods to maximize collective profits.

Price Leadership

A market situation where one or more dominant firms set the price of goods or services, and other firms in the industry follow suit.

Kinked-Demand Curve Model

An economic theory suggesting that prices become rigid or sticky due to competing firms' responses to price changes.