If a Firm Is an Oligopolist, Which Is NOT True

question 189

Multiple Choice

If a firm is an oligopolist, which is NOT true?

• A) It must pay attention to other firms' prices.
• B) It is one of a relatively small number of firms dominating its industry.
• C) It can sell all the units it wants at the going market price.
• D) It is engaged in a strategic game.

---

Definitions:

Conditioned Stimulus

In classical conditioning, a previously neutral stimulus that, after association with an unconditioned stimulus, comes to trigger a conditioned response.

Operant Responding

A behavioral concept where the strength of a behavior is modified by reinforcement or punishment.

Negative Reinforcement

A behavioral concept where the removal of an unfavorable event or outcome after the display of a behavior increases the likelihood of the behavior being repeated in the future.

Evolutionary History

Evolutionary History is the record of biological evolution and diversification of life forms over time, shaped by natural selection and genetic changes.