The Market Structure That Is Characterized by a Small Number

question 67

Multiple Choice

The market structure that is characterized by a small number of large firms that have some market power is called:

• A)perfect competition.
• B)monopolistic competition.
• C)oligopoly.
• D)monopoly.

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Definitions:

Conservation

The principle in environmental science aiming at the prevention of waste and protection of the natural environment; in psychology, it refers to a child's ability to understand that a quantity does not change even when its form does.

Object Permanence

The comprehension in infants that items remain in existence even when they are not visible, audible, or tangible.

Conservation

In cognitive development, the understanding that certain properties of an object or substance remain the same even when its appearance is altered, typically developed during the concrete operational stage.

Conservation

In cognitive psychology, the concept that children learn that quantity, length, or number remain the same despite changes in appearance or form.