Which of the seven features of a purely competitive market are not present in an oligopoly?
Please provide the best answer for the statement.
Answer: In an oligopoly market, the market is shared by a relatively small number of large firms that can work together to exercise some influence on prices. The second missing feature is that sellers cannot easily enter the market. As with monopoly markets, barriers to entry may be due to the high costs of starting a business in that industry, may be the result of long-term contracts that have committed all buyers to firms already in the industry, or may be due to enduring loyalties created by brand-name advertising.
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The major problem with religious experience mentioned in your text is that
a. it is typically private and, so, hard for others to verify. b. it is often so emotional that people abandon their rational faculties. c. it tends to make people dogmatic and intolerant of those who have not had the experience. d. all of the above
Given the following position on euthanasia (doctor-assisted suicide), identify which of the three major ethical theories discussed in the text-utilitarianism, duty theory, or virtue ethics-it follows. Note that each theory may encompass several possible viewpoints on an issue.Active euthanasia should be legalized. After all, what are the overall consequences in terms of happiness or unhappiness? Euthanasia may not make the patient who wants to die happy, but at least it can end his or her misery. And although the relatives may feel unhappy at the assisted suicide, they too have suffered, and they will grieve whether the patient dies assisted or unassisted. As a matter of fact, they may grieve less if they know the patient has been spared a substantial amount of suffering.
What will be an ideal response?
INSTRUCTIONS: Select the best translation for each categorical proposition. All books except novels are boring to read
A) No novels are books boring to read. B) All books boring to read are books that are not novels. C) Some novels are not books boring to read. D) All books that are not boring to read are books that are novels. E) No novels are books boring to read, and all books that are not novels are books boring to read.
Which of the following was NOT a Protestant Reformer in the 1500s?
a. Philip Spener b. Martin Luther c. John Calvin d. Conrad Grebel