Which Founding Father of Sociology, in Response to the Industrial

question 35

Multiple Choice

Which founding father of sociology, in response to the Industrial Revolution, compared modern society to an "iron cage"?

• A) Karl Marx
• B) Emile Durkheim
• C) Auguste Comte
• D) Max Weber

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Definitions:

Cartels

Groups of independent market participants who collude to control prices and production in an industry, often illegally.

Price Leadership

A market strategy where one leading company sets the price of goods or services, and other companies in the sector follow suit.

Covert Collusion

An implicit, non-public agreement between firms to fix prices, limit production, or divide markets, without explicit communication.

Allocative Efficiency

A state of the economy where resources are allocated in a way that maximizes the overall benefit to society.