Exhibit 7-16 Long-run average cost curves 
-Which firm in Exhibit 7-16 displays a long-run average cost curve with economies of scale throughout the range of output shown?
Definitions:
Conditioned Response (CR)
A learned response to a previously neutral stimulus that, after being repeatedly paired with an unconditioned stimulus, elicits a reaction.
Unconditioned Stimulus (US)
In classical conditioning, a stimulus that instinctively and involuntarily elicits a reaction without any previous learning.
Discrimination
Unjust or prejudicial treatment of different categories of people, often based on race, age, gender, or religion.
Observational Learning
The process of acquiring skills, knowledge, or behaviors by watching and imitating others, rather than through direct experience or instruction.
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