An Oligopoly Is Characterized by

question 83

Multiple Choice

An oligopoly is characterized by

• A)few firms, which have control over market price
• B)many firms and some barriers to entry
• C)a large number of firms and no barriers to entry
• D)a single firm and no barriers to entry
• E)a single firm and significant barriers to entry

---

Definitions:

Black And Mouton's

Refers to the managerial grid model developed by Robert Blake and Jane Mouton, which identifies five leadership styles based on the concern for people and concern for production.

Behavioral Approach

The Behavioral Approach to leadership focuses on the observable actions and behaviors of leaders, such as how they communicate, motivate, and interact with followers, rather than on their traits or innate qualities.

Emotional Intelligence

The skill to recognize, regulate, and articulate personal emotions, while also managing social interactions with care and understanding.

Motivational Speech

An inspirational address designed to encourage and stimulate an audience to pursue their goals or overcome challenges.