An Attempt by a Firm to Create a Monopoly and Gain

question 137

Multiple Choice

An attempt by a firm to create a monopoly and gain the economic profit from the monopoly is called

• A) collusion.
• B) intrusion.
• C) profit seeking.
• D) rent seeking.

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Definitions:

Enmeshed

A term used in psychology to describe relationships where personal boundaries are diffused, leading to an over-concern for others and a lack of autonomy.

Homeostatic

Referring to the process of maintaining internal stability and balance within an organism or system in response to external changes.

Exploiting

Taking unfair advantage of a situation or person, often for personal gain and without consideration for ethical implications.

Symbiotic Relationship

A close, often long-term interaction between two different biological species, where each may benefit, one may benefit and the other is unaffected, or one benefits at the expense of the other.