Crises Are

question 23

Multiple Choice

Crises are:

• A) Not unique.
• B) Always tragedies.
• C) Often unexpected events.
• D) Rarely disruptive.

Identify real-world examples of oligopolistic industries.

Understand how oligopolists compete on aspects such as price, quality, and product differentiation.

Recognize the concept of market power within oligopoly and its implications for firm behavior and market outcomes.

Appreciate the role of substitute products in limiting oligopolistic firms' market power.

---

Definitions:

Meiosis

A type of cell division that reduces the chromosome number by half, resulting in the production of gametes or spores.

Homologous Chromosomes

Chromosomes that are similar in length, gene position, and centromere location, carrying the same type of genetic information from each parent, making a pair in a diploid cell.

Anaphase I

A stage in meiosis I where homologous chromosomes separate and are pulled to opposite poles of the cell, unlike in mitosis where sister chromatids separate.

Reproductive Strategy

A method or approach employed by species to ensure their continuation through the production of offspring.