As Long as a Market Is Contestable, Then Even If

question 160

Multiple Choice

As long as a market is contestable, then even if it has only a few sellers, the

• A) threat of new entrants will prevent the prices from rising above the competitive level.
• B) producers will be able to charge prices that are high enough to produce long-run economic profits.
• C) producers will not face new competition because the barriers to entry are high.
• D) market will never be expected to come close to the competitive result.

Understand the key terms and concepts related to infant language and speech development.

Recognize various methods and styles of fostering cognitive and language development in children.

Identify and describe the different memory types with examples.

Understand and describe Piaget's sensorimotor stage and its stages.

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Definitions:

Central Nervous System

The part of the nervous system consisting of the brain and spinal cord, which integrates and coordinates all bodily functions and processes information.

Sedatives

Sleep-inducing drugs that tend to decrease central nervous system and behavioral activity.

Stimulants

Drugs that tend to increase central nervous system and behavioral activity.

Hallucinogens

A diverse group of drugs that have powerful effects on mental and emotional functioning, marked most prominently by distortions in sensory and perceptual experience.