An Individual Who Believes in the Statement,"I Make My Own

question 35

Multiple Choice

An individual who believes in the statement,"I make my own fate",is said to have which of the following attribution?

• A) External locus of control
• B) Internal locus of control
• C) High consensus
• D) Low distinctiveness

---

Definitions:

Monopolist

A single seller in a market who has significant control over the supply of a particular product or service and can exert considerable influence over the market price.

Marginal Cost Price

The cost incurred from producing an additional unit of a product or service.

Perfect Price Discrimination

A pricing strategy where a seller charges the maximum possible price for each unit, tailored to each consumer's willingness to pay, capturing all consumer surplus.

Output

The amount of goods or services produced by a company, industry, or economy.