Your Textbook Discussed a Metamemory Study That Asked Students to Estimate

question 48

Multiple Choice

Your textbook discussed a metamemory study that asked students to estimate their total score on a test that they had just taken. The comparison between the students' actual score and their estimated score showed that

• A) the students consistently overestimated how well they had performed.
• B) the students consistently underestimated how well they had performed.
• C) the students with the lowest actual scores provided the most accurate estimated scores.
• D) the students with the highest actual scores provided the most accurate estimated scores.

---

Definitions:

Herfindahl Index

An evaluation of corporations' sizes in contrast to the overall market, pointing to the level of rivalry among them.

Price Leadership

Price leadership is a market situation where one dominant firm sets the price for goods or services in an industry, and other firms follow suit, either explicitly or implicitly.

Oligopolistic Firms

Companies operating in an oligopoly market structure, characterized by limited competition and high control over market prices.