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Discuss Cognitive Dissonance Theory

question 70

Essay

Discuss cognitive dissonance theory. What does the theory say, and what kinds of predictions does it make?


Definitions:

Antitrust Laws

Legislation intended to promote competition and prevent monopolies or unfair practices that restrain trade.

Pure Monopoly

A market structure in which a single supplier provides a unique product or service, with no close substitutes and high barriers to entry.

Output Quantity

The total amount of a product produced by a company, industry, or economic sector within a given timeframe.

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