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You join the sales staff of an extremely competitive fifirm. At the fifirst meeting of the quarter, your manager announces that all sales agents whose

You join the sales staff of an extremely competitive fifirm. At the fifirst meeting of the quarter, your manager announces that all sales agents whose numbers are in the bottom 10% for the group will suffffer a pay cut. Your performance is initially above the 10% mark, but after several colleagues exit the fifirm, you are left in the bottom 10%, and begin looking for alternative employment Which of the following mechanisms of herd behavior does this best illustrate?

A. Local externalities

B. Information concealment

C. Exit cascade

D. Information feedback

E. Information cascade

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