Use the Figure Below,which Shows the Linear Demand and Constant

question 38

Multiple Choice

Use the figure below,which shows the linear demand and constant cost conditions facing a firm with a high barrier to entry,to answer the question. If the entry barrier is removed consumers will be better off because

• A)consumers will enjoy greater consumer surplus.
• B)productive efficiency will be restored.
• C)competition will eliminate the shortage caused by the entry barrier.
• D)all of the above

---

Definitions:

Secondary Reinforcer

A stimulus that has become rewarding through its association with a primary reinforcer.

Primary Reinforcer

A fundamental stimulus that fulfills a basic need or instinct, such as food for hunger, inherently rewarding without learning.

Latent Learning

Latent learning is the process by which individuals acquire knowledge subconsciously, without obvious reinforcement or immediate demonstration of that knowledge.

Classical Conditioning

A learning process that occurs through associations between an environmental stimulus and a naturally occurring stimulus, leading to a learned response.