The Text Identifies All of the Following as Characteristics of the First

question 52

Multiple Choice

The text identifies all of the following as characteristics of the first civilizations EXCEPT

• A)specialization of labor.
• B)art such as fertility figurines and cave paintings.
• C)cities and monumental architecture.
• D)organized government and a willingness to work for the common good.
• E)river valley agriculture.

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Definitions:

Predict Behavior

Predicting behavior involves using information and analysis to foresee the actions of individuals or markets in specific situations.

Oligopolistic Firms

Companies that operate in an industry dominated by a small number of players, where each one has some degree of market power.

React to Each Other

The interaction or response of entities or variables when influenced by changes in each other's state or actions.

Collusion

Agreement among firms to avoid various competitive practices, particularly price reductions. It may involve either formal agreements or merely tacit recognition that competitive practices will be self-defeating in the long run. Tacit collusion is difficult to detect. In the United States, antitrust laws prohibit collusion and conspiracies to restrain trade.