Why Is Allocation of Market Share Such a Central Feature

question 33

Essay

Why is allocation of market share such a central feature in determining the decisions of firms in the cartel model of oligopoly and what is the central feature determining the decisions of firms in the contestable market model of oligopoly?

---

Definitions:

Conflicting Personality

A situation or condition where an individual's traits or behaviors are at odds, leading to internal tension or inconsistency.

Drive-Reduction Theory

The view that organisms learn to engage in behaviors that have the effect of reducing drives.

Self-actualization

The process of realizing and fulfilling one's own potential and capabilities, often seen as the highest level of psychological development described by Maslow.

Carl Rogers

An influential psychologist who developed client-centered therapy, emphasizing unconditional positive regard, empathy, and the importance of the client in the healing process.