The Distinguishing Features of Oligopoly Are _______ and _______ in the Industry

question 98

Multiple Choice

The distinguishing features of oligopoly are _______ and _______ in the industry.

• A) no barriers to entry; a large number of firms
• B) no barriers to entry; few firms
• C) barriers to entry; a large number of firms
• D) barriers to entry; few firms

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Definitions:

Defence Mechanism

Psychological strategies employed by the unconscious mind to protect itself from anxiety by distorting reality.

Sublimation

A defense mechanism proposed by Freud in which socially unacceptable impulses or idealizations are transformed into socially acceptable actions or behavior.

Displacement

A defense mechanism in psychoanalysis where emotional impulses are redirected from the original object to a more acceptable or less threatening object.

Defence Mechanism

Psychological strategies used unconsciously to protect oneself from anxiety or internal conflicts.