Piaget Suggested That the Key Cognitive Acquisition in the Preoperational

question 101

Multiple Choice

Piaget suggested that the key cognitive acquisition in the preoperational stage of cognitive development is the ability to

• A) comprehend object permanence.
• B) refer to people and objects that are not physically present.
• C) seriate concepts.
• D) construct a personal fable.

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Definitions:

Monopoly Power

The ability of a single seller to control market prices and output in a particular industry.

Market Power

The ability of a firm or group of firms to manipulate or control the price and supply of a product or service in the market.

Profit Maximizing

A strategy or process undertaken by a firm to achieve the highest possible profit from its operations.

Price

The amount of money required to purchase a product or service.