Empirical Studies Indicate That Entry

question 146

Multiple Choice

Empirical studies indicate that entry

• A) increases price and profits.
• B) decreases price, but increases profits.
• C) decreases price and profits.
• D) increases price, but decreases profits.

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Definitions:

Sensory Adaptation

How sensory receptors grow increasingly insensitive to stimuli that do not change, happening gradually.

Perceptual Set

A mental predisposition to perceive things in a certain way, influenced by expectations, culture, emotions, and other psychological factors.

Subliminal Stimulation

The exposure to stimuli below the threshold of conscious awareness, purportedly influencing thoughts, feelings, or behaviors without overt perception.

Bottom-up Processing

A way of processing information in which the brain forms perceptions by starting with individual pieces of sensory data and combining them to create a cohesive image or understanding.