Which of the Following Statements About Norms Is NOT Correct

question 129

Multiple Choice

Which of the following statements about norms is NOT correct?

• A) Norms help clarify the expectations associated with a person's membership in a group.
• B) Although important, norms are not considered to be rules or standards of conduct.
• C) Norms allow members to structure their own behavior.
• D) When someone violates a group norm, other members typically respond in ways that are aimed at enforcing the norm.
• E) Norms allow members to predict what others will do.

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Definitions:

Imperfectly Competitive

A market structure where the conditions for perfect competition are not fully met, including monopolistic competition and oligopoly.

Purely Competitive

A market scenario where there are many buyers and sellers, each has no influence over the price of products, leading to perfect competition.

Marginal Resource Cost

The additional cost incurred by producing one more unit of a product or service, especially in terms of the resources used in its production.

Resource Cost

The cost associated with the consumption or use of resources, including materials, labor, and capital in the production of goods and services.