_____________ Forces Refer to Practices That Come to Define What

question 28

Multiple Choice

_____________ forces refer to practices that come to define what are perceived as legitimate management structures and activities and that place pressure on organizations to conform.

• A)cloning
• B)constraining
• C)learning
• D)institutional

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Definitions:

Perfect Price Discrimination

A pricing strategy where a seller charges the maximum possible price for each unit which corresponds to the buyer's maximum willingness to pay.

Deadweight Loss

Deadweight loss refers to the loss of economic efficiency that can occur when the equilibrium for a good or a service is not achieved or is not achievable.

Single-Price Monopolist

A monopolist who charges all consumers the same price for goods or services, regardless of production cost or demand differences.

Deadweight Loss

A loss of economic efficiency that occurs when the equilibrium for a good or service is not achieved or is not achievable.