Use the Figure Below to Answer the Following Questions

question 97

Multiple Choice

Use the figure below to answer the following questions.

Figure 12.4.2
-Refer to Figure 12.4.2, which shows the cost curves and marginal revenue curve of a firm in a perfectly competitive market. In the long run,

• A)firms that remain in the market will expand production.
• B)market demand will increase.
• C)market supply will decrease.
• D)firms will exit the market.
• E)firms that remain in the market will decrease production.

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Definitions:

Unpleasant Stimulus

An external factor that causes discomfort or displeasure, often used in psychological experiments to provoke a response.

Withdrawal

The discomfort and distress that follow discontinuing an addictive drug or behavior.

Reinforcement

In behavioral psychology, a consequence applied to an organism's environment that increases the likelihood of that organism repeating the associated behavior in the future.

Shaping Behavior

A method of positive reinforcement of behaviors that are successively closer to the desired behavior, used in behavior modification programs.