If Duopolists Can Enforce an Agreement, to Produce Collectively the Monopoly

question 28

Multiple Choice

If duopolists can enforce an agreement, to produce collectively the monopoly output and split the market between the two firms, then the sum of their output will be:

• A)be less than the monopoly quantity
• B)be greater than the monopoly quantity
• C)be equal to the monopoly quantity
• D)any of the above are possible

Recognize the principles of behavior therapy and its assumption that psychological disorders are learned behaviors.

Understand Ellis's ABCD model of emotional disturbance and its role in rational-emotive therapy.

Identify the goals and techniques of aversion therapy and exposure therapy.

Recognize the contributions of Aaron Beck to cognitive therapy for depression and understand its effectiveness.