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Market equilibrium occurs at that price for which
Solomon Asch
A psychologist best known for his research on social pressure and conformity, including his famous experiment demonstrating how people conform to group norms.
Groupthink
A psychological phenomenon in which the desire for harmony in a decision-making group leads to an irrational or dysfunctional decision-making outcome.
Conformity
The act or behavior of aligning one's beliefs or actions to those of a group or social norm, often due to real or perceived group pressure.
Conformity
Adjusting one's behavior or thinking to match those of a group standard.
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