Competition in Which There Are Many Buyers, a Lot of Product

question 188

Multiple Choice

Competition in which there are many buyers, a lot of product differentiation, and relative ease of entry or exit of the market is known as

• A) monopoly.
• B) oligopolistic competition.
• C) oligopoly.
• D) perfect competition.
• E) monopolistic competition.

---

Definitions:

Conditioned Relief

A learned response where an organism anticipates the removal of an aversive stimulus, thus reducing stress or discomfort.

Effective Punishment

A method of decreasing undesired behavior by applying an adverse stimulus following the behavior, aiming to reduce or eliminate that behavior.

Unwanted Motivation

Motivation that is unintended or undesirable, often leading to behaviors that are not aligned with an individual's long-term goals or values.

Unwanted Response

A behavior or reaction that is not desired or intended in a particular context or situation.