Which of the Following Best Defines Groupthink

question 23

Multiple Choice

Which of the following best defines groupthink

• A) A group process losses caused by strong conformity pressures in a group
• B) A group process loss that occurs when people do not work as hard in a group as they do alone
• C) A group process gain that is the result of effective brainstorming
• D) The tendency to overvalue the productivity of a group

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Definitions:

Legal Cartel Theory

The concept that certain regulatory frameworks or practices can create conditions similar to a cartel, affecting competition and prices.

Government Regulation

The laws and rules established by government bodies to control and guide the activities of businesses and individuals.

Herfindahl Index

A measure of the concentration and competitiveness of an industry; calculated as the sum of the squared percentage market shares of the individual firms in the industry.

Market Share

The proportion of total sales or business a company secures within a particular market, compared to its competitors.