A Market That Involves Only One Seller of a Good

question 178

Multiple Choice

A market that involves only one seller of a good or service is known as

• A)a monopoly
• B)perfect competition
• C)monopolistic competition
• D)an oligopoly
• E)perfect monopolistic competition

---

Definitions:

Belief in One's Abilities

The confidence an individual has in their capacity to accomplish tasks or face challenges, also known as self-efficacy.

Avoidant Attachment Style

Avoidant attachment style refers to a pattern of distancing oneself from emotional intimacy and relying primarily on oneself, as identified in attachment theory.

Object-relations Approach

A theory in psychoanalysis focusing on relationships with others and the external and internal objects people internalize from early interactions, shaping personality.

Alfred Adler

An Austrian medical doctor and psychotherapist, founder of the school of individual psychology, known for his theories on the importance of feelings of inferiority and the social context in personality development.