The Theory of Oligopoly Provides a Reason Why

question 412

Multiple Choice

The theory of oligopoly provides a reason why

• A)perfect competition is not a useful object of study.
• B)price is less than marginal cost for many firms.
• C)all countries can benefit from free trade among nations.
• D)firms do not want to capture larger shares of their markets.

---

Definitions:

Negative Punishment

A behavior modification technique where a desirable stimulus is removed following an unwanted behavior, with the aim of decreasing that behavior.

Positive Punishment

Adding an undesirable stimulus to decrease a behavior.

Unconditioned Stimulus

In classical conditioning, a stimulus that naturally and automatically triggers a response without prior learning.

Unconditioned Stimulus

In classical conditioning, a stimulus that naturally and automatically triggers a response without any prior learning.