Penny Smooth, a U

question 15

Multiple Choice

Penny Smooth, a U.S. trade negotiator, is using which conflict resolution technique if she makes the following statement to the heads of America's steel makers? "You'd better learn how to cooperate on trade issues or you'll lose out to foreign competition."

• A) Smoothing
• B) Superordinate goals
• C) Forcing
• D) Problem solving
• E) Avoidance

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Definitions:

Natural Monopoly

A type of monopoly that arises because a single firm can supply a good or service to an entire market at a lower cost than could two or more firms.

Patent

A legal document granted by the government that gives an inventor exclusive rights to make, use, or sell an invention for a certain number of years.

Exclusive Right

A legal privilege granted to an individual or organization to be the sole provider or practitioner of a specific service or product in a particular area.

Forever

A term indicating an infinite or unspecified period of time, often used in the context of time without end.