The Definition "'Insect' Means a Fly, Wasp, Ant, and So

question 134

Multiple Choice

The definition "'Insect' means a fly, wasp, ant, and so on" is an example of:

• A) A definition by subclass.
• B) A demonstrative (ostensive) definition.
• C) A definition by genus and difference.
• D) An enumerative definition.
• E) A synonymous definition.

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Definitions:

Collusion

A secret or illegal cooperation or conspiracy, especially between parties to deceive or defraud others.

Barriers to Entry

Obstacles that make it difficult to enter a given market, potentially including high startup costs, strict regulations, or strong competition.

Few Firms

In markets characterized by few firms, also known as oligopolies, a small number of companies dominate the industry, leading to limited competition.

Prime Rate

The interest rate that banks charge their most creditworthy customers, often used as a benchmark in lending rates.