The Theory of Oligopoly Provides Another Reason That Free Trade

question 64

Multiple Choice

The theory of oligopoly provides another reason that free trade can benefit all countries because

• A)increased competition leads to larger deadweight losses.
• B)as the number of firms within a given market increases, the price of the good decreases.
• C)as the number of firms within a given market increases, the profit of each firm increases.
• D)All of the above are correct.

Understand the influence of personality traits on individual behavior in organizations.

Recognize the role of internal and external cues in guiding behavior in organizational contexts.

Assess the impact of personality types on organizational roles and interpersonal relations.

Understand the barriers to effective social perception and strategies to overcome them.