A Monopolistically Competitive Market Consists of Many Sellers,an Oligopoly Consists

question 25

Multiple Choice

A monopolistically competitive market consists of many sellers,an oligopoly consists of ________ seller(s) ,and a monopoly consists of ________ seller(s) .

• A) one; one
• B) one; two
• C) a few; many
• D) a few; one
• E) many; one

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Definitions:

Conflict Resolution

The methods and processes involved in facilitating the peaceful ending of conflict and retribution.

Superficial

Relating to or affecting only the surface or appearance of something, rather than its substance or underlying realities.

Distributive Negotiation

Focuses on positions staked out or declared by the parties involved, each of whom is trying to claim certain portions of the available pie.

Win-lose Outcome

A competitive resolution to a conflict or negotiation where one party's gain is directly proportional to the other's loss.