Why Is Competition Ineffective as a Conflict Resolution Strategy

question 43

Multiple Choice

Why is competition ineffective as a conflict resolution strategy?

• A) The parties to the conflict make concessions.
• B) The parties to a conflict try to ignore the problem and do nothing to resolve the disagreement.
• C) The weaker party who gives in might look for ways to get back at the stronger party in the future.
• D) The two sides to a conflict are more concerned about winning the battle than cooperating.
• E) It does not allow either party to achieve its goals.

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Definitions:

Prices

The monetary value assigned to a product or service, determining how much it costs to buy.

Bundle

A combination of various goods and services selected by consumers, used in economics to analyze choices and preferences.

Giffen Good

A product that people consume more of as the price rises, violating the basic law of demand in economics.

Prices Change

A variation in the market price of goods and services over time, influenced by factors such as supply and demand, inflation, or government policy.