Because of ___,Groups Are Unlikely to Quit a Project That

question 45

Multiple Choice

Because of ___,groups are unlikely to quit a project that they have spent a lot of time,money,and resources on developing.

• A)pluralistic ignorance
• B)groupthink
• C)collective effort
• D)entrapment
• E)need for closure

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Definitions:

Marginal Analysis

An examination of the benefits and costs of an additional unit of change in economic decisions.

Marginal Benefit

The added gratification or usefulness that an individual acquires from the consumption of an additional unit of a good or service.

Marginal Benefit Curve

A graphical representation showing how the benefit to consumers changes with each additional unit consumed.

Total Benefit

The entire value or advantage received from consuming a good or service.