Which of the Following, If True, Would Be an Example

question 48

Multiple Choice

Which of the following, if true, would be an example of a monopolistically competitive industry?

• A) In the utilities industry, average cost declines over all levels of output.
• B) In the automobile industry, fixed costs as well as variable costs are high.
• C) In the retail trade industry, a large number of firms provide similar products.
• D) The market for basic office supplies (pencils, paper, and clips) is served by scores of online suppliers.
• E) In the pharmaceuticals industry, the entire market is served by a small number of large firms.

Comprehend principled negotiation strategies to resolve interpersonal conflicts effectively.

Understand the myths surrounding conflicts in intimate relationships and how they can misconstrue the nature of commitment and resolution.

Understand the principles and types of generalization in behavioral psychology.

Recognize and explain stimulus discrimination and how it differs from generalization.

---

Definitions:

Group Conformity

The phenomenon where individuals adjust their behaviors, attitudes, or beliefs to match those of the group to which they belong, often due to real or perceived pressure.

Group Size

The number of individuals forming a social group or gathering, which can influence the group's dynamics, interactions, and outcomes.

Specific Purpose

A distinct aim or objective for which something is used, created, or exists.

In-Group

A social group to which a person psychologically identifies as being a member, often characterized by a sense of loyalty and exclusivity.