Refer to the Two Diagrams for Individual Firms

question 402

Multiple Choice

Refer to the two diagrams for individual firms. Figure 1 pertains to __________, while Figure 2 refers to ________.

• A)an imperfectly competitive firm; a purely competitive firm
• B)a purely competitive firm; an imperfectly competitive firm
• C)an oligopolist; a monopolistically competitive firm
• D)a pure monopolist; a monopolistically competitive firm

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Definitions:

Stimulus Control

The process by which behaviors are modified by the presence or absence of certain stimuli.

Classical Conditioning

An educational method where associations are made between a naturally occurring stimulus and an environmental one, resulting in a conditioned reaction.

Operant Conditioning

An educational method where the intensity of an action is altered through rewards or penalties.

Spontaneous Recovery

The reappearance of a previously extinguished response after a period without exposure to the conditioned stimulus.