Examlex
Punishment is also called avoidance learning.
Equilibrium Price
The cost point where the amount of a product or service consumers want to buy matches the amount available, resulting in a balanced market.
Equilibrium Quantity
The quantity of goods or services supplied equals the quantity demanded at the market equilibrium price.
Efficiency
The optimal use of resources to achieve the desired outcome with minimal waste or effort.
Equity
Refers to fairness or justice in the distribution of wealth, resources, and opportunities.
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