One Negative Aspect About Group Norms Is That Being Part

question 14

True/False

One negative aspect about group norms is that being part of a group can increase an individual's antisocial actions.

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Definitions:

Consumer Surplus

The discrepancy between the amount consumers are prepared to pay for a product or service and the actual price they pay.

Utility

A measure of satisfaction, usefulness or value that a consumer receives from any good or service.

Utility

In economics, the total satisfaction received from consuming a good or service.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service and what they actually pay.