Monopolies Arise When There Are

question 266

Multiple Choice

Monopolies arise when there are

• A) many substitutes but there are no barriers to entry.
• B) no close substitutes and there are no barriers to entry.
• C) no close substitutes and there are barriers to entry.
• D) many substitutes and there barriers to entry.
• E) None of the above answers are correct because the existence of a monopoly has nothing to do with the presence or absence of barriers to entry.

---

Definitions:

Adler

Alfred Adler was an Austrian medical doctor and psychotherapist, founder of the school of individual psychology, known for his concepts of the inferiority complex and striving for superiority.

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with an unconditioned stimulus, eventually comes to trigger a conditioned response.

Neutral Stimulus

A stimulus that initially produces no specific response until it is paired with an unconditioned stimulus in classical conditioning.

Psychoanalytic Theory

A theory developed by Sigmund Freud that emphasizes unconscious mental processes and childhood experiences in shaping personality and behavior.