Examlex
The effects of reinforcement generalize, but the effects of extinction and punishment do not.
Sellers Bid
The price at which sellers are willing to sell a good or service, often in the context of an auction or market with direct seller-buyer interactions.
Producer Surplus
The discrepancy in the anticipated versus actual financial returns for producers selling a good or service.
Croissants
A flaky, buttery pastry of Austrian origin that is associated with French cuisine and often eaten for breakfast.
Producer Surplus
The difference between the amount producers are willing and able to sell a good for and the actual amount they do sell it for.
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