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Figure: Short-Run Monopoly
-(Figure: Short-Run Monopoly) Look at the figure Short-Run Monopoly. The profit-maximizing price is price:
Conditioned Stimulus
An initially neutral stimulus that, after being linked with an unconditioned stimulus, starts to produce a conditioned response.
Conditioned Response
A conditioned response is an automatic reaction established by learning to an initially neutral stimulus after being repeatedly paired with an unconditioned stimulus that triggers an automatic response.
Unconditioned Stimulus
A stimulus that naturally and automatically triggers a response without prior learning or conditioning.
Drug Tolerance
The reduced effectiveness of a drug as a result of the repeated use of the drug.
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