Optimists Tend to Use Alternative Thinking To__________

question 120

Multiple Choice

Optimists tend to use alternative thinking to__________.

• A)come up with explanations that do not reflect badly on them personally for why undesirable events occur
• B)make themselves feel better by comparing their performance to that of less competent others
• C)find a scapegoat
• D)improve their cognitive abilities

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Definitions:

Kinked Demand

A demand curve that has a distinct bend or "kink," often used to describe oligopolistic markets where firms face different elasticities for price increases versus price decreases.

Oligopolistic Competition

A market structure in which a few firms dominate. Each firm is aware of the actions of others and may engage in strategic decision making.

Cutthroat Oligopolist

describes a market condition where few firms compete intensely with aggressive pricing and strategies, often to the detriment of all involved.

Concentration Ratio

A measurement used to determine the market share or dominance of the largest firms within an industry.