Randy Believes That All People from Cropilia Are Basically Aggressive

question 124

Multiple Choice

Randy believes that all people from Cropilia are basically aggressive. When he meets a Cropilian, he acts more aggressive himself. The Cropilian responds with aggressive behavior, which strengthens Randy's impression of their aggressiveness and makes it harder to budge. This process is best described by the concept of

• A)cultural stereotyping.
• B)self-serving attribution.
• C)the fundamental attribution error.
• D)cognitive dissonance.
• E)a self-fulfilling prophecy.

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Definitions:

Marginal Revenue

The increment in revenue realized from the sale of an additional unit of a product.

Market Price

The current price at which a good or service can be bought or sold in an open and competitive market.

Purely Competitive Market

A market structure characterized by a large number of buyers and sellers, homogeneous products, and free entry and exit, leading to price taking behavior.

Purely Competitive Firm

A company operating in a market where there are many buyers and sellers offering homogeneous products, leading to the inability to influence market price.