The Majority of Industrial/organizational Psychologists Work Either in

question 37

Multiple Choice

The majority of industrial/organizational psychologists work either in

• A) government or industry
• B) academia or industry
• C) industry or consulting firms
• D) government or universities

---

Definitions:

Competitive Spectrum

The range of competition levels across different markets or industries, from perfect competition to complete monopoly.

Collusion

The practice of firms to negotiate price and/or market share decisions that limit competition in a market.

Concentration Ratios

Concentration ratios are measures that indicate the extent of market control by the largest firms within an industry, reflecting the degree of market competition.

High Concentration

A situation in a market where a small number of firms hold a large market share, often leading to reduced competition.