An Oligopoly Created Because of Economies of Scale Is Called

question 114

Multiple Choice

An oligopoly created because of economies of scale is called a

• A) natural oligopoly.
• B) legal oligopoly.
• C) public oligopoly.
• D) monopolistic oligopoly.
• E) scale oligopoly.

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Definitions:

Bronfenbrenner

Urie Bronfenbrenner, a developmental psychologist renowned for the Ecological Systems Theory, which explains how the inherent qualities of a child and the characteristics of the external environment interact to influence how the child grows and develops.

Ecological-Systems Model

A framework identifying the various environmental layers that influence an individual's development, from immediate surroundings to broader societal contexts.

Critical Period

A specific time in development when certain skills or abilities are most easily learned.

Prenatal Development

The course of development and growth in the womb, from conception through to birth.