Which Type of Learning Occurs When We Observe How Other

question 153

Multiple Choice

Which type of learning occurs when we observe how other people act?

• A) insight learning
• B) operant conditioning
• C) classical conditioning
• D) observational learning

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Definitions:

Price-discriminating Monopolist

A monopolist that charges different prices to different consumers for the same good or service, based on each consumer's willingness or ability to pay.

Market

A place or system in which commercial transactions are conducted, often defined by the exchange of goods and services for money.

Price Elasticity

A measure in economics of how much the quantity demanded of a good responds to a change in the price of that good.

Raise Profits

Strategies or actions taken by businesses to increase their net earnings or margin.