In the Long Run, Firms in a Competitive Market

question 26

Multiple Choice

In the long run, firms in a competitive market

• A)shut down because profit goes to zero.
• B)lose money.
• C)are not profit maximizing.
• D)earn zero economic profit.

Distinguish between intervening variables and observable measures in behaviorist research.

Recognize the historical context and key figures associated with the development of behaviorism.

Explain the behaviorists’ stance on the use of mental terms and internal states in understanding behavior.

Understand the concept of determinism as it applies to behaviorism.

---

Definitions:

Horney

Pertains to the theories and contributions of Karen Horney, a psychoanalyst known for her work on neurosis, personality theory, and feminine psychology.

Womb Envy

The envy a male feels toward a female because she can bear children and he cannot. Womb envy was Horney’s response to Freud’s concept of penis envy in females.

Love

A complex set of emotions, behaviors, and beliefs associated with strong feelings of affection, warmth, and respect towards another person or oneself.

Acceptance

The action or process of being received as adequate or suitable, often involving recognition of one's reality or truth without attempting to change it.