Whose Behavior Will Be Hardest to Extinguish

question 90

Multiple Choice

Whose behavior will be hardest to extinguish?

• A)Tony,who gets 5 dollars for every "A"
• B)Hans,who gets 20 dollars for every yard he mows
• C)Sal,who get 50 dollars for every client he signs up
• D)Barry,who sometimes wins when he plays the lottery

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Definitions:

Purely Competitive Market

A market structure characterized by a large number of small firms, a homogeneous product, free entry and exit, and perfect information.

Surplus

The situation in which the quantity of a good or service supplied exceeds the quantity demanded at the current price.

Federal Food Distribution

Programs and services run by the government to distribute food to the needy, schools, and other institutions to ensure food security.

Agricultural Commodities

Basic goods used in commerce that are interchangeable with other goods of the same type, produced through farming activities.