The correct answer is Representative heuristic
Heuristics of representativeness is the name given to a mental phenomenon in which, faced with the need to make a decision of relative complexity, the human being relies on his personal repertoire to judge a thing, person or situation.
The heuristic of representativeness is considered, above all, as a shortcut of reasoning.
Answer:
C. If the firm were to charge more than the going price, it would sell none of its goods.
Explanation:
A price-taker firm is defined as an individual company which must accept the prevailing prices in the market, lacking a market share to influence the market price on its own.
If a company is considered as a price taker in the competitive market, it does not have the power to influence the present market price by the quantity of the products it produces.
Thus if a price taking firm can charge more for a product than the going market price, then it would not sell its products.
Hence the correct option is (C).
Answer:
It would be D
Explanation:
If d says farmers then they would benefit a ton
False.
There are way too many and some are inaccessible
The current U.S. government is called a federalism, which gives the government the power the override state laws with the U.S. Congress.
