Use Your Basic Knowledge and Your Understanding of Market Structures

question 169

Multiple Choice

Use your basic knowledge and your understanding of market structures to answer this question. Which of the following companies most closely approximates a differentiated oligopolist in a highly concentrated industry?

• A) Subway Sandwiches
• B) Pittsburgh Plate Glass
• C) Ford Motor Company
• D) Kaiser Aluminum

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Definitions:

Reliability

The extent to which a measurement instrument yields consistent and stable outcomes across different occasions.

Validity

Validity is the extent to which a test or instrument accurately measures what it is intended to measure.

Sexual Drives

The biological and psychological energies or forces that motivate individuals to seek out and engage in sexual activities.

Conflicting Wishes

Desires or hopes that are in opposition to one another, making it difficult to satisfy both.