A Monopoly Is a Market That Usually Consists of a Single

question 88

True/False

A monopoly is a market that usually consists of a single firm, but, in some cases, may have up to four firms and still be considered a monopoly.

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Definitions:

Punishment of Application

The imposition of a penalty or negative consequence following an undesired behavior to decrease its likelihood in the future.

Punishment by Removal

A behavioral modification technique involving the withdrawal of a desirable stimulus to decrease the likelihood of a behavior reoccurring.

Classical Conditioning

A method of acquiring behaviors through the regular association of two stimuli; the response at first triggered by the second stimulus is eventually triggered by the first stimulus by itself.

Time Consuming

Requiring a significant amount of time to complete, often more than is desired or anticipated.