Explain the Characteristics of Monopolistic Competition

question 90

Essay

Explain the characteristics of monopolistic competition.Explain how price and output are determined in monopolistic competition.

Learn about the impact of political skills, visibility, and influence tactics on achieving positive organizational outcomes.

Differentiate between different bases of power and influence tactics, including coercive power and rewards.

Appreciate the significance of ethical considerations in organizational politics and influence processes.

Understand the consequences of political behavior for individuals and organizations, including promotion opportunities and job security.

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Definitions:

Bystander Effect

A social psychological phenomenon in which individuals are less likely to offer help to a victim when other people are present.

Diffusion of Responsibility

A phenomenon where individuals in a group are less likely to take action or feel a sense of responsibility because the responsibility is perceived to be shared among all group members.

Darley and Latané

Psychologists known for their work on the bystander effect, demonstrating that the presence of others can decrease an individual's likelihood to help someone in distress.

Milgram's Obedience Study

Milgram's obedience study is a psychological experiment conducted in the 1960s which demonstrated the extent to which individuals would follow orders from an authority figure, even when it involves hurting someone else.