Oligopolistic Firms

question 121

Multiple Choice

Oligopolistic firms

• A)pay close attention to the actions of their rival firms.
• B)are so few in number that at least one firm has some control over price.
• C)charge a price that is higher than its ATC.
• D)All of the choices are true.

Recognize the impact of language and thinking on perception and cognitive biases.

Identify the benefits and cognitive impacts of bilingualism.

Grasp the concept of creativity and factors affecting creative problem solving.

Understand the principles behind psychological testing, including reliability, validity, and standardization.

---

Definitions:

Trading Securities

Financial assets such as stocks and bonds held by an investor with the intent of selling them in the short term to profit from price fluctuations.

Unrealized Gains

Profits that have been achieved on paper due to an investment increasing in value but have not yet been cashed in by selling the asset.

Fair Value

A measurement of the price at which an asset or liability could be exchanged in an orderly transaction between market participants at the measurement date.

Held-To-Maturity Securities

Held-to-maturity securities are financial assets purchased with the intent and ability to hold them until a specified maturity date, typically including certain kinds of bonds.