This Type of Thinking Is Measured by IQ and Involves

question 1

Multiple Choice

This type of thinking is measured by IQ and involves well-defined rational problems that have only one correct answer.

• A)Creative thinking
• B)Human thinking
• C)Divergent thinking
• D)Structural thinking
• E)Convergent thinking

---

Definitions:

Contestable Markets

Markets where entry and exit are costless or very low, making the market susceptible to potential competition.

Differentiates Oligopoly

A characteristic of oligopoly markets where few firms dominate and each firm tries to distinguish its product or service from those of competitors.

Contestable

A market characteristic where there are no barriers to entry or exit, allowing potential competition to challenge existing firms, keeping prices competitive.

Market

A market is any structure that allows buyers and sellers to exchange any type of goods, services, and information.