Which of the Following Would Not Be Classified as an Oligopolistic

question 20

Multiple Choice

Which of the following would not be classified as an oligopolistic industry?

• A)Defense contractors.
• B)The recorded music industry.
• C)The tobacco industry.
• D)The women's clothing industry.

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Definitions:

Hierarchy of Needs Theory

A psychological theory proposed by Abraham Maslow that categorizes human needs into a five-level hierarchy, from physiological needs to self-actualization.

Self-actualize

The process of realizing and fulfilling one's potential and capabilities, often considered the ultimate goal of personal development.

Abraham Maslow

A psychologist known for creating Maslow's hierarchy of needs, a theory in psychology that prioritizes human needs from basic physiological needs to self-actualization.

Physiological Needs

Basic physical requirements essential for human survival, such as food, water, shelter, and sleep, considered the foundation of Maslow's hierarchy of needs.