An Industry with a Large Number of Firms,differentiated Products,and Free

question 41

Multiple Choice

An industry with a large number of firms,differentiated products,and free entry and exit is called

• A) perfect competition.
• B) monopolistic competition.
• C) oligopoly.
• D) monopoly.
• E) monopolistic oligopoly.

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Definitions:

Diana Baumrind

A developmental psychologist known for her research on parenting styles and their effect on child development.

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Demonstrating a response to a stimulus or situation, often after the fact or as a result of external forces.

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Aggressive behavior intended to harm or intimidate others, where there is a power imbalance.

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A type of aggression in which harm is caused through manipulation or damage to relationships or social status.