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Bryan Went to the Zoo with His First Grade Class

question 7

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Bryan went to the zoo with his first grade class.At the zoo,he saw alligators for the first time.He had never even seen pictures of alligators,but called them big-mouthed snakes.What basic tendency of thinking is Bryan using?


Definitions:

Clayton Act

A U.S. legislation enacted in 1914 aimed at promoting competition among businesses by prohibiting certain practices that would lead to antitrust issues.

Herfindahl Index

A measure of the concentration and competitiveness of an industry; calculated as the sum of the squared percentage market shares of the individual firms in the industry.

Horizontal Merger

The merger into a single firm of two firms producing the same product and selling it in the same geographic market.

Clayton Act

A U.S. antitrust law passed in 1914, aimed at increasing economic competition and preventing monopolies by prohibiting specific types of conduct that could harm competitors.

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