An Oligopolist Is a Firm That Finds It Is

question 40

Multiple Choice

An oligopolist is a firm that finds it is

• A) the only supplier.
• B) the only supplier of a good with no close substitutes.
• C) one of many suppliers of a good with perfect substitutes.
• D) one of a few firms.
• E) one of a few firms that produce close substitutes.

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Definitions:

Positive Psychologists

Psychologists who focus on studying and promoting aspects of human functioning that lead to happiness, fulfillment, and flourishing.

Abandon

To leave behind completely and finally, forsake utterly; often refers to the act of leaving a place, thing, or person with no intention of returning.

Wellness

An active process of becoming aware of and making choices toward a healthy and fulfilling life, encompassing physical, mental, and emotional well-being.

Cognitive Psychology

A branch of psychology that studies mental processes including how people think, perceive, remember, and learn.