The Analysis of Oligopolistic Behavior Is Difficult Because

question 169

Multiple Choice

The analysis of oligopolistic behavior is difficult because

• A)there are few real-world examples of oligopolies for economists to study.
• B)oligopolists make decisions independently of each other.
• C)firms in oligopolistic industries react to each other's behavior in many ways.
• D)economists have paid little attention to the topic in recent years and so have not yet applied to it the techniques of modern economic theory.

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Definitions:

Reinforcer

Any stimulus that increases the likelihood of a preceding behavior to occur again by either presenting a positive stimulus or removing a negative one.

Punisher

Anything that follows a response and weakens it or decreases the probability that it will occur.

Strengthens

To make or become stronger or more resilient, often used in the context of physical, emotional, or mental attributes.

Weakens

To diminish in strength, effectiveness, or power.