Which Concept Refers to the Domination of a Market by a Few

question 21

Multiple Choice

Which concept refers to the domination of a market by a few companies?

• A)monopoly
• B)oligarchy
• C)oligopoly
• D)plutocracy

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Definitions:

Middle Childhood

A developmental stage that typically covers the period from 6 to 12 years of age, encompassing significant growth in cognitive, social, and physical areas.

Concrete Operations

The third stage in Piaget’s cognitive-developmental theory of moral development, characterized by flexible, reversible thought concerning tangible objects and events.

Longitudinal Research

The study of developmental processes by taking repeated measures of the same group of children at various stages of development.

Educational Success

involves achieving set goals in learning and education, often measured through grades, attainment of knowledge, skills, and qualifications.