The Greater the The Number and Closeness of Substitutes Available

question 293

Multiple Choice

The greater the the number and closeness of substitutes available between monopolistically competitive firms

• A) the greater the ability of a firm to raise its price above the price of close substitutes.
• B) the smaller the ability of a firm to raise its price above the price of close substitutes.
• C) the more inelastic the demand curve.
• D) the greater the positive economic profits for a single firm.

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Definitions:

Unconscious Mind

A part of the mind that influences thoughts and actions without one's awareness, according to Freudian psychology.

Psychodynamic Therapy

A therapeutic approach focusing on unconscious processes as they are manifested in a person's present behavior, with an aim to resolve past conflicts and improve psychological functioning.

Therapeutic Alliance

The collaborative and trusting relationship between a therapist and client, which is considered an important factor in successful therapy outcomes.

Therapist

A trained professional who aids individuals in understanding and overcoming personal, social, or behavioral problems.