Which of the Following Contributes to a Firm Maintaining a Monopoly

question 2

Multiple Choice

Which of the following contributes to a firm maintaining a monopoly?

• A)Exclusive franchises.
• B)The existence of substitute goods.
• C)A large number of firms in the industry.
• D)Homogeneous products in the market.

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Definitions:

Conditioned Stimulus

A neutral stimulus that, once linked with an unconditioned stimulus, ultimately initiates a conditioned response.

Unconditioned Response

An automatic, natural reaction to a stimulus that occurs without prior learning or conditioning.

Fireworks

Pyrotechnic devices used for entertainment purposes that explode to produce colorful lights and sounds.

Classical Conditioning

An educational method that develops through the connection between a stimulus in the environment and a stimulus that naturally occurs, resulting in a conditioned response.