Wal-Mart

question 9

Multiple Choice

Wal-mart

• A) is the railroad of the late nineteenth century.
• B) provides an example of how one large business enterprise still can ?seize market power to restrict entry and exit.
• C) holds monopoly power in retail.
• D) exists at the expense of consumers.

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Definitions:

Actor-observer Bias

A cognitive bias where individuals attribute their own actions to external factors, while they attribute others' actions to internal traits or characteristics.

Positive Stereotypes

Stereotypes that attribute positive attributes to a group, which, despite being favorable, can still have negative consequences and reduce individuality.

Kelley's Model

A psychological theory that suggests how individuals attribute causes to events based on consistency, distinctiveness, and consensus information.

Consistency

The quality of always acting or behaving in the same way, leading to predictability and reliability in one's actions or beliefs.