When Managers in Oligopolistic Firms Make Decisions That Affect Output

question 262

Multiple Choice

When managers in oligopolistic firms make decisions that affect output or price, they must

• A) also be sure they erect barriers to entry to prevent new entrants from affecting their plans.
• B) anticipate the reactions of their rivals and plan accordingly.
• C) register with the Antitrust Division of the Department of Justice.
• D) inform the regulators of their industry about their plans.

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Definitions:

ECT (Electroconvulsive Therapy)

A psychiatric treatment in which seizures are electrically induced in patients to provide relief from mental disorders.

Memory Loss

The inability to remember information or events that you would normally be able to recall, which can be temporary or permanent.

Dodo Bird Verdict

A concept suggesting that all psychotherapies, despite their specific components, tend to produce similar outcomes.

Motivational Interviewing

A therapeutic approach that is client-centered and helps to engage intrinsic motivation for changing behaviour by creating discrepancy and exploring and resolving ambivalence within the client.