One of the Dangers of Groupthink Is the Group's Tendency

question 434

Multiple Choice

One of the dangers of groupthink is the group's tendency to

• A) overthink all possible options.
• B) come up with too many solutions to a problem.
• C) be unable to come up with a solution.
• D) make poor decisions in order to achieve consensus.

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Definitions:

Oligopolist

A firm that is part of an industry where a small number of entities dominate the market, often leading to limited competition.

Price Cuts

Reductions in the selling price of goods or services, often to attract more customers or boost sales.

Marginal Cost

The expense required to create one more unit of a product or service.

Nash Equilibrium

A concept in game theory where no player can benefit by changing strategies while the other players' strategies remain unchanged.