While Watching Jeopardy!, Your Roommate Says, "Alex Trebek Knows All

question 323

Multiple Choice

While watching Jeopardy!, your roommate says, "Alex Trebek knows all the answers. He must be a genius." You tell your roommate she probably would not have said that if she had attended class the day the instructor discussed the topic of ________.

• A) social facilitation
• B) stereotyping illusions
• C) internal attribution biases
• D) fundamental attribution errors
• Internal characteristic (genius).

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Definitions:

Cartel

An association of manufacturers or suppliers with the purpose of maintaining prices at a high level and restricting competition.

Collusion

An agreement between rival firms to cooperate in a way that increases their profits, often by fixing prices or limiting production.

Group Profits

The combined earnings of a conglomerate or group of companies under a single parent corporation.

Price Conspiracy

An illegal agreement among competitors to fix prices, control market production, or divide markets to eliminate competition and harm consumers.