Which of the Following Is a Shortcut Used in Judging

question 102

Multiple Choice

Which of the following is a shortcut used in judging others by making generalizations?

• A) hindsight bias
• B) randomness error
• C) stereotyping
• D) illusory superiority
• E) telescoping effect

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Definitions:

Predatory Pricing

is a competitive strategy where a company sets extremely low prices to eliminate competition and create a monopoly.

Monopolist

A monopolist is a single supplier in a market that has significant control over the price and supply of a particular good or service.

Market Entry

The act or strategy of bringing a new product or service to the market, facing various barriers to entry.

Dominant Strategy

In game theory, a strategy that is the best for a player regardless of the strategies chosen by other players.