Markets Are Not Always Perfectly Competitive and Some Firms Consistently

question 41

True/False

Markets are not always perfectly competitive and some firms consistently outperform industry averages.This suggests that firm performance is also influenced by the presence of bright, motivated managers and their keen sense of innovative products or processes.

---

Definitions:

Horney

Karen Horney, a psychoanalyst known for her theories on neurosis, personal growth, and the concept of the "real self."

Neurotic Trends

Patterns of thought, behavior, and emotional response that are significantly maladaptive, causing significant distress or impairment in functioning.

Horney

Refers to Karen Horney, a psychoanalyst known for her theories on neurosis, personality, and the importance of social and cultural factors in the development of psychology.

Compliant Personality

A personality type characterized by a tendency to agree with others and to acquiesce to external pressures or norms easily.