Assume That There Are Only Three Sellers in the Aluminium

question 38

Multiple Choice

Assume that there are only three sellers in the aluminium industry each producing identical aluminium sheets.Given that these three firms own all the known sources of aluminium,the _____ model of the market is most applicable to the aluminium industry.

• A)oligopoly
• B)monopoly
• C)dominant firm model
• D)monopolistic competition

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Definitions:

Looking-Glass Self

Concept that people learn who they are by their interactions with others, who reflect their self back to them.

Social Decentering

The cognitive ability to step outside one's own perspective and consider the thoughts, feelings, and motives of others.

Symbolic Interaction Theory

A sociological perspective that focuses on the meanings individuals attach to objects, events, and behaviors, emphasizing the role of communication in shaping social reality.

Communication Apprehension Theory

A theory that explains why individuals may fear or have anxiety about communicating with others, addressing both the psychological and social aspects influencing such apprehensions.