Research on Group Size and Conformity Has Shown That There

question 132

Multiple Choice

Research on group size and conformity has shown that there is more conformity with

• A)4 people as a group than 2 people in 2 groups.
• B)3 groups of 6 people than 1 group of 6.
• C)no difference in the number of people or groups.
• D)more groups of smaller number of people.

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Definitions:

Profit

The profit earned when the total income surpasses all the expenditures, costs, and taxes necessary for maintaining the business.

Profit-Maximizing

A strategy or approach taken by firms to achieve the highest possible profit from their operations.

Market Price

The existing rate at which an item or service is offered for buying or selling on the market.

Non-Negative Profit

A profit that is zero or positive, indicating that a business is not losing money.