Many of Us Build __________ That Involve Our Personal Friends

question 46

Multiple Choice

Many of us build __________ that involve our personal friends in primary groups and our acquaintances in secondary groups. This series of relationships links an individual to others.

• A)cultural bonds
• B)cohesive structures
• C)social networks
• D)cliques

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Definitions:

Oligopoly

A market structure characterized by a small number of firms dominating the market, leading to limited competition and potentially high prices.

Interdependent

A relationship between entities in which each is mutually reliant on the other, often used to describe economies or markets that affect one another.

Dominant Strategy

A dominant strategy is a course of action in a strategic game or situation that results in the best outcome for a player, regardless of what the other players decide to do.

Oligopoly

A market structure characterized by a few large firms that dominate the market, often leading to limited competition and higher prices for consumers.