A Monopolistically Competitive Market Consists of ________ Seller(s),an Oligopoly Consists

question 106

Multiple Choice

A monopolistically competitive market consists of ________ seller(s) ,an oligopoly consists of ________ seller(s) ,and a monopoly consists of one seller.

• A) one; many
• B) one; two
• C) a few; many
• D) many; one
• E) many; a few

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Definitions:

Social Brain

The concept that the human brain has evolved to effectively manage social interactions and relationships.

Evolution

The process by which different kinds of living organisms are thought to have developed and diversified from earlier forms during the history of the earth.

Duplex Mind

The idea that the mind has two different processing systems (deliberate and automatic).

Automatic System

The part of the mind outside of consciousness that performs simple operations