Which of the Following Is Not True About a Collusive

question 4

Multiple Choice

Which of the following is not true about a collusive oligopoly?

• A)It is illegal.
• B)It tends to be unstable.
• C)It is economically efficient.
• D)It faces a downward sloping demand curve.
• E)None of the above.

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Definitions:

Defense Mechanisms

Strategies the ego uses to defend itself against the anxiety provoked by conflicts of everyday life. Defense mechanisms involve denials or distortions of reality.

Projection

A psychological defense mechanism where an individual attributes their own unacceptable thoughts, feelings, or motives onto someone else.

Reaction Formation

A defense mechanism that involves expressing an id impulse that is the opposite of the one that is truly driving the person.

Sublimation

A defense mechanism that involves altering or displacing id impulses by diverting instinctual energy into socially acceptable behaviors.