Competitive Dynamics Refers to the Total Set of Actions and Responses

question 103

True/False

Competitive dynamics refers to the total set of actions and responses taken by all firms competing within a market.

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Definitions:

Positive Punishment

Adding an undesirable stimulus to decrease a behavior, such as giving extra chores to reduce instances of lying.

Stimulus Discrimination

The learned ability to differentiate between similar stimuli and respond appropriately to each.

Stimulus Generalization

A psychological phenomenon where a response to a specific stimulus is elicited by similar stimuli, often studied in the context of learning and behavior.

Intermittent Reinforcement

A conditioning schedule in which a reward or punishment is not administered every time the desired response is performed, leading to more resistant behavior change.