How Is the Actor-Observer Effect Like the Fundamental Attribution Error

question 32

Multiple Choice

How is the actor-observer effect like the fundamental attribution error?

• A) They both argue that the self-serving bias only occurs with failures and not successes.
• B) They both say that we use dispositional attribution to explain the behaviour of other people.
• C) They both believe that the mere exposure effect can influence attributions.
• D) They both focus on situational attributions rather than dispositional.

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Definitions:

Market Power

The ability of a firm or group of firms to influence or control the terms and conditions of the market in which they operate.

Differentiated Product

A product that has distinct characteristics from its competitors, making it unique in the market.

Downward-Sloping Demand

A market condition where the quantity demanded of a good decreases as its price increases, adhering to the law of demand.

Barriers To Entry

Barriers to entry are obstacles that make it difficult for new competitors to enter an industry, protecting existing firms from competition and maintaining market power.