Which of the Following Is a True Statement

question 162

Multiple Choice

Which of the following is a true statement?

• A) A price-taker firm can sell additional units of output without having to lower its price, while a price-searcher firm must lower its price in order to sell additional units.
• B) A price-searcher firm can sell additional units of output without having to lower its price, while a price-taker firm must lower its price in order to sell additional units.
• C) Both price searchers and price takers can sell additional units of output without having to lower their price.
• D) Both price searchers and price takers must lower their price in order to sell additional units of output.

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Definitions:

Inconsistent Cognitions

The psychological state of having conflicting beliefs, attitudes, or thoughts, which can lead to discomfort and a drive to resolve the inconsistency.

Trivialize Cognitions

The process of minimizing or reducing the perceived importance or value of thoughts and beliefs.

Cognitive Dissonance

The psychological discomfort experienced when holding two or more conflicting cognitions (thoughts, beliefs, or attitudes).

Exercise Behavior

The patterns and habits of physical activity performed by an individual to maintain or improve health.