In Figure 5

question 71

Multiple Choice

In Figure 5.8, if the supply curve moves from S1 to S3

• A)The firm will make a smaller economic profit than they used to
• B)The firm will go from making an economic profit to a normal profit
• C)The firm will go from making an economic profit to a loss
• D)The firm will go from making normal profits to a loss

---

Definitions:

Just-World Phenomenon

The cognitive bias to believe that the world is just and people get what they deserve, leading to a tendency to blame victims for their misfortune.

Other-Race Effect

A phenomenon in which individuals are better at recognizing faces of their own race than those of other races.

Scapegoat Theory

A psychological concept suggesting that individuals or groups blame their problems and failures on others instead of accepting responsibility.

Outgroup

A social group to which an individual does not identify or belong, often viewed less favorably than the ingroup.