A Consolidated Industry Structure

question 11

Multiple Choice

A consolidated industry structure:

• A) consists of a large number of small companies.
• B) can be seen in agriculture, dry cleaning, health clubs, and real estate brokerage.
• C) consists of few companies that are in a position to determine industry price.
• D) provides no scope for oligopoly to exist.
• E) is characterized by low-entry barriers and commodity-type products.

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Definitions:

Existential Conflicts

Psychological struggles stemming from concerns about meaning, choice, freedom, and mortality.

Sigmund Freud

Austrian neurologist and the founder of psychoanalysis, a clinical method for treating psychopathology through dialogue between a patient and a psychoanalyst.

John Watson

An American psychologist who established the psychological school of behaviorism, emphasizing the study of observable behavior.

Abraham Maslow

An American psychologist known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.