Which of the Following Can Be Considered a Social Group

question 47

Multiple Choice

Which of the following can be considered a social group as defined in your textbook?

• A) members of a sorority
• B) everyone in your sociology class who has blond hair
• C) people waiting at Terminal C for Flight 181
• D) passengers on a cruise ship

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Definitions:

Oligopoly

A market structure characterized by a small number of firms dominating the market, leading to limited competition and potentially higher prices.

Interdependent Firms

Companies whose strategies, actions or performances are mutually influenced or dependent on each other.

Barriers to Entry

Factors that make it difficult for new firms to enter a market, such as high start-up costs or strict regulations.

Oligopoly

A market form characterized by a small number of firms controlling a large market share, often leading to limited competition.