As Janet Is Waiting in Line at the Theater, a Man

question 60

Multiple Choice

As Janet is waiting in line at the theater, a man runs by and grabs her purse. Someone is more likely to respond to Janet's cries for help if she is waiting in line with _____, illustrating the _____.

• A) very few other people; bystander effect
• B) a large crowd of people; bystander effect
• C) very few other people; the social facilitation effect
• D) a large crowd of people; the social facilitation effect

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Definitions:

Price Elastic

Describes a situation where the quantity demanded or supplied of a good changes significantly due to changes in its price.

Monopoly

Monopoly is a market structure characterized by a single seller selling a unique product in the market, facing no competition.

One Buyer

A market condition known as a monopsony, where there is only one buyer for a particular product or service, giving that buyer significant control over prices.

Marginal Revenue

The extra revenue obtained from the sale of an additional unit of a product or service.