Groupthink Always Hinders Group Performance

question 94

True/False

Groupthink always hinders group performance.

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Definitions:

Herfindahl-Hirschman Index

A measure of market concentration used to evaluate potential antitrust concerns, calculated by squaring the market share of each firm competing in the market and then summing the resulting numbers.

Industry

The collection of businesses and activities involved in the manufacturing, production, or provision of goods and services in a particular sector.

Firm(s)

Businesses or corporations established to perform economic activities, such as producing goods or offering services to consumers.

Dango

A Japanese term referring to informal gatherings or consortia where companies collude, often used in the context of bid-rigging.