Which of the Following Individuals Is Showing the Self-Serving Bias

question 26

Multiple Choice

Which of the following individuals is showing the self-serving bias?

• A) Eira, who believed that she passed a test because it was easy but then failed her assignment because her prof marked it unfairly
• B) Hannah, who believes the waiter spilled her drink because he was clumsy but believed when she spilled her own drink it was because the glass was slippery
• C) Rupan, who believes that she swerved to avoid hitting a deer and missed due to her fast reflexes but then ended up going off the road because the sun got in her eyes
• D) Sacha, who believes that she dropped a glass because she was clumsy but then washed a sink full of glasses because she felt guilty

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Definitions:

MR = MC Rule

The principle that a firm will maximize its profit (or minimize its losses) by producing the output at which marginal revenue and marginal cost are equal, provided product price is equal to or greater than average variable cost.

Pure Competition

A business environment where many small companies sell identical products and there are no barriers to entering or leaving the market, resulting in perfect competition.

Pure Monopoly

A market framework where there is only one provider offering a distinctive product without any closely resembling alternatives.

Increasing Profits

A financial strategy or outcome where a business experiences a growth in net earnings over time.