Which of the Following Factors Is Not an Explanation for the Lack

question 37

Multiple Choice

Which of the following factors is not an explanation for the lack of vertical integration between steel producers and shipbuilders?

• A)The market for steel has many suppliers and buyers,good information flows,and little need for transaction-specific investments
• B)Steel is a commodity product available in standardized grades
• C)The world's biggest shipbuilding countries (South Korea,Japan,and China)are also among the leading steel producing countries
• D)Steel production and shipbuilding are strategically very different industries

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Definitions:

Anticipation

The action of expecting or predicting something based on current knowledge or instincts.

Spontaneous Recovery

The reappearance of a previously extinguished conditioned response after a period of rest with no further conditioning.

Higher-Order Conditioning

Occurs when a strong conditioned stimulus is paired with a neutral stimulus, causing the neutral stimulus to become a second conditioned stimulus.

Extinction

Within the field of psychology, the slow diminishment and ultimate vanishing of a learned response occurs when a conditioned stimulus is continuously shown without pairing it with the unconditioned stimulus.