An Ineffective Means of Discouraging the Entry of New Firms

question 63

Multiple Choice

An ineffective means of discouraging the entry of new firms by existing firms in an oligopolistic industry is

• A)producing a wide range of brands of their products.
• B)carrying out industrial sabotage.
• C)spending heavily on advertising.
• D)raising their prices.
• E)seeking greater patent protection.

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Definitions:

Freud

Sigmund Freud, an Austrian neurologist who founded psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Libido

The psychological and emotional energy associated with the drive for sexual activity and expression.

Psychosexual Energy

A concept in psychoanalysis referring to the driving force behind human behavior as motivated by sexual desire and pleasure.

Psychosexual Development

A theory by Freud that describes the stages of a child's development from birth to adulthood, focusing on how personality develops based on the changing focus of libido.