Goal Contagion Is a Form of Norm Setting in Which

question 21

Multiple Choice

Goal contagion is a form of norm setting in which people adopt a goal held by others.Goal contagion is more likely in what circumstance?

• A)When the team desires or admires a goal held by a competing team
• B)Between people in the same work group or team
• C)Adopted when a team member wishes to differentiate themselves from the group
• D)A person feels threatened by other members of the team to adopt a certain goal.

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Definitions:

Purely Competitive Market

A market structure characterized by a large number of small firms, a homogeneous product, free entry and exit, and perfect information, leading to firms being price takers.

Short Run

A time period in which at least one factor of production is fixed, limiting the ability of a firm to adjust its output.

Automatic Market Adjustments

The self-regulating nature of the marketplace that responds to supply and demand changes to reach equilibrium without outside intervention.

Long-run Equilibrium

A state in which, given enough time for all adjustments to be made, there is no incentive for firms to enter or exit an industry, and prices stabilize.