Sixty-Year-Old Kwan Has Led a Life Filled with Ups (A

question 25

Multiple Choice

Sixty-year-old Kwan has led a life filled with ups (a prosperous career) and downs (a battle with breast cancer) and continues to maintain the capacity to change in response to such experiences. A lifespan developmental psychologist would likely say that Kwan has

• A) a flawed social clock.
• B) great plasticity.
• C) minimal longevity.
• D) maturational grief.

---

Definitions:

Interdependence

A situation in which the production processes or outcomes of different firms, sectors, or countries are dependent on each other.

Oligopoly

A market structure characterized by a small number of firms whose behavior is interdependent.

Decision Making

The process of choosing among alternatives to achieve a goal or solve a problem.

Herfindahl-Hirschman Index

A measure used to determine the level of competition within a market, calculated based on the sum of the squares of market shares of all firms within the market.