Which of the Following Industries Is Most Likely an Oligopoly

question 112

Multiple Choice

Which of the following industries is most likely an oligopoly?

• A) restaurant
• B) airline
• C) gold mining
• D) wheat growing
• E) potato growing

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Definitions:

Ingroup/Outgroup Conflict

Refers to the tension and conflict that arises between groups (ingroups, or groups we belong to, and outgroups, or those we do not belong to) based on identification and loyalty.

Attempted Conciliation

A process where parties in conflict try to reconcile their differences and reach a peaceful resolution.

Superordinate Goal

Refers to shared goals that can only be achieved by cooperation among individuals or groups, often used to reduce conflict.

Cooperative Behavior

Actions and attitudes that are geared towards working together harmoniously for a common benefit or goal.