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Jim has just arrived late for work.This is the third time over the past five days that he has arrived more than 30 minutes late.However,you conclude that Jim's lateness is due to factors beyond his control because most other employees who also take Jim's route to work have also been late to work on these days.According to attribution theory,what attribution have you made of Jim's lateness and based on what attribution rule?
Exit Market
The act of leaving a market or discontinuing the production and sale of a product or service, often due to unprofitability or strategic realignment.
Profits Eliminated
A situation where competition or other factors reduce a firm's profits to zero over time.
Monopolistically Competitive
A market structure where many producers sell products that are differentiated from one another (e.g., by branding or quality) and hence are not perfect substitutes.
Monopolistic Firm
A type of company that possesses significant market power, allowing it to operate without many competitors and set prices above the competitive level.
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