Which of the Following Is Not a Characteristic of an Oligopoly

question 226

Multiple Choice

Which of the following is not a characteristic of an oligopoly?

• A)the ability to influence price
• B)a small number of firms
• C)low barriers to entry
• D)interdependent firms

Understand the concept and application of reinforcement in behavior management.

Differentiate between positive reinforcement, negative reinforcement, punishment, and extinction.

Identify examples of primary and secondary reinforcers.

Recognize the ethical implications and potential negative effects of behavior management strategies.

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Definitions:

Well-being

The state of being comfortable, healthy, or happy; often used to refer to economic, social, and health status of individuals or populations.

Income

Money received, especially on a regular basis, for work, through investments, or from business activities.

Risk-averse

A preference for certainty over gamble, where an individual prefers to avoid risk even if it means a potentially lower expected return.

Political Science Major

An academic discipline that focuses on the study of government, political processes, and political behavior.