In a Famous Experiment by Albert Bandura and His Colleagues

question 13

Multiple Choice

In a famous experiment by Albert Bandura and his colleagues, children watched an adult attack a Bobo doll with a mallet. They were then shown some toys that they were forbidden to play with. When they were taken to another room, they

• A) began to cry.
• B) attacked a Bobo doll.
• C) verbally attacked the adult experimenter.
• D) chose to watch a violent rather than a nonviolent film.

Calculate the effects of monopsony power on pricing, including markdowns and marginal value.

Analyze monopolistic markets, including demand functions, pricing strategies, and marginal costs.

Compute deadweight loss and the coefficient of monopsony power in monopsonistic markets.

Differentiate between monopsony, monopoly, bilateral monopoly, and oligopsony market structures.