A Firm That Is the Sole Seller of a Product

question 531

Multiple Choice

A firm that is the sole seller of a product without close substitutes is

• A)perfectly competitive.
• B)monopolistically competitive.
• C)an oligopolist.
• D)a monopolist.

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Definitions:

Contingency Management

A behavior modification technique that reinforces desirable behaviors with rewards and sometimes punishes undesirable behaviors to promote behavior change.

Reciprocal Inhibition

A psychological principle that suggests the simultaneous activation of one psychological response can inhibit the occurrence of another incompatible response.

Counterconditioning

A behavior therapy technique where an undesired response to a stimulus is replaced with a desired behavior in the presence of that same stimulus.

Contingency Management

A type of behavioral therapy in which certain behaviors are reinforced through rewards or consequences to modify behavior.