If New Manufacturers Enter the Computer Industry, Then, Holding All

question 304

Multiple Choice

If new manufacturers enter the computer industry, then, holding all other things constant,

• A)each "old" manufacturer must sell fewer computers than before.
• B)some "old" manufacturers must exit the industry.
• C)the equilibrium price of computers must rise.
• D)the equilibrium quantity demanded of computers must rise.

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Definitions:

Freud

Sigmund Freud, an Austrian neurologist, pioneered psychoanalysis, a therapeutic approach for addressing mental disorders through conversations between a psychoanalyst and their patient.

Ethical

Pertaining to or dealing with morals or the principles of morality; pertaining to right and wrong in conduct.

Ego Ideal

In psychoanalysis, the part of the mind that serves as a standard for what one wants to achieve in terms of ethics, ambition, and self-regard.

Superego Component

Part of Freud's psychoanalytic theory representing the moral conscience and ideals adopted from parents and society.