Which of the Following Is NOT a Feature of Monopolistic

question 275

Multiple Choice

Which of the following is NOT a feature of monopolistic competition?

• A) significant numbers of sellers in a highly competitive market
• B) differentiated products
• C) sales promotion and advertising
• D) inability of firms to enter or exit the market

Understand the distinction between algorithms and heuristics and their application in problem-solving.

Recognize the impact of cognitive biases such as the availability heuristic, confirmation bias, and overconfidence on decision making and problem-solving.

Identify different problem-solving strategies, including means-ends analysis and subgoal analysis.

Appreciate the role of schemas, mental sets, and functional fixedness in influencing problem-solving and creativity.

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Definitions:

Utilitarianism

An ethical theory that posits the best action is the one that maximizes utility, or the greatest happiness for the greatest number of people.

Beneficence

The ethical principle that requires actions to promote good and benefit others, often guiding healthcare professionals.

Autonomy

The capability of a person to make an informed, uncoerced decision about their own life and actions.

Brain Injury

Damage to the brain, whether traumatic or non-traumatic, that impairs its function and is caused by an external physical force or internal factors.