When Consumers Have No Choice but to Buy from One

question 106

Multiple Choice

When consumers have no choice but to buy from one firm (local utility,etc. ) :

• A) they usually end up paying way too much for the good or service.
• B) government regulation is usually used to protect consumers.
• C) they will always get the good or service at the lowest price available.
• D) None of these occur.

---

Definitions:

Personal Dispositions

Inherent personality traits and tendencies that influence behavior and perspectives.

Role Playing

A method involving acting out or performing a particular role, either as a training exercise, in therapy, or in gaming contexts, to develop skills or understand perspectives.

Cognitive Dissonance

The psychological discomfort experienced when holding two or more conflicting cognitions (beliefs, attitudes, or values).

Peripheral Route Persuasion

A method of persuasion that relies on superficial cues or associations, rather than logical argument, to influence someone's attitude or behavior.