What Is a Shaman

question 11

Multiple Choice

What is a shaman?

• A) a person who can communicate with good and evil spirits
• B) a wooden figure thought to be imbued with supernatural powers
• C) the uppermost figure on a totem pole
• D) a mask worn during a Kwakiutl ritual

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Definitions:

Barrier to Entry

Obstacles that prevent or hinder new competitors from easily entering an industry or area of business.

Exclusive Rights

Legal rights granted to individuals or firms, limiting others from reproducing, publishing, or selling particular goods or services.

Market Power

The ability of a company or entity to influence the price and production levels in a market.

Monopolists

Entities with exclusive control over the supply of a particular good or service, setting prices and output levels.