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When a monopolist increases the amount of output that it produces and sells,what happens to its average revenue and its marginal revenue
Actor-Observer Bias
This psychological bias describes a tendency to attribute one’s own actions to external factors, while attributing others’ actions to their character or disposition.
Self-Serving Bias
A common cognitive bias that causes individuals to attribute positive outcomes to their own characteristics and negative outcomes to external factors.
Fundamental Attribution Error
A cognitive bias that leads people to overemphasize personal traits and underestimate situational factors when explaining others' behaviors.
Self-Serving Bias
A cognitive bias that involves attributing successes to internal factors and failures to external factors to maintain self-esteem.
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