Recall Edward Tolman and C

question 65

Multiple Choice

Recall Edward Tolman and C.H.Honzik's classic latent learning experiment.The rats' error rate in navigating the maze is a(n) _____ variable.In a graph of the experiment's results,the error rate is displayed on the _____-axis.

• A) dependent; x
• B) dependent; y
• C) independent; x
• D) independent; y

---

Definitions:

Dominant Strategy

A strategy that is best for a player in a game regardless of the strategies chosen by the other players.

Sherman Antitrust Act

A landmark 1890 U.S. legislation aimed at prohibiting monopolies and other practices that restrained competition and trade.

Fixing Prices

The practice of setting the price of a product or service, rather than allowing it to be determined naturally through free-market forces.

Oligopoly Outcome

In markets dominated by a small number of firms (an oligopoly), the outcome often includes non-price competition, strategic interactions, and potentially higher prices and lower outputs than in competitive markets.