Even Though He Thought the Army Reserve's Short Hair Regulation

question 59

Multiple Choice

Even though he thought the Army Reserve's short hair regulation was silly,Ted really wanted the extra money Reserve duty provided to him,so he kept his hair short.This is an example of:

• A)conformity.
• B)reactance.
• C)private acceptance.
• D)a role.

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Definitions:

Monopolistically Competitive

A market structure in which many companies sell products that are similar but not identical, allowing for competition based on product differentiation.

Excess Capacity

A situation where a firm produces at a level less than its maximum output, often resulting in inefficiencies or higher production costs per unit.

Monopolistically Competitive

A market structure where many firms sell products that are similar but not identical, allowing for some degree of market power in setting prices.

Average Total Cost

The total cost of production divided by the number of units produced, indicating the cost per unit of output.