The Form of Mislabeling in Which Many Examples in a Category

question 137

Multiple Choice

The form of mislabeling in which many examples in a category are referred to by a single term that adults use to label only one of the examples is called:

• A)expanding.
• B)overextension.
• C)underextension.
• D)protosentencing.

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Definitions:

Oligopolization

describes the process whereby a market becomes dominated by a few large companies, reducing competition.

Cutthroat Competition

An extremely aggressive competition where companies use strategies to undercut their rivals' prices.

Cartel

A coalition of producers or vendors aimed at keeping prices elevated by limiting competitive practices.

Concentration Ratio

Concentration ratio is a measure of the total output produced in an industry by a given number of firms, indicating the level of market competition.