Transcrisis Points Tend to Occur In:​

question 34

Multiple Choice

Transcrisis points tend to occur in:​

• A)regular intervals.
• B)​response to unconditioned aversive stimuli.
• C)​unpredictable intervals.
• D)progressively increasing incidents.

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Definitions:

Diminishing Marginal Returns

A principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other inputs remain constant.

Perfectly Competitive

A perfectly competitive market is one where many buyers and sellers trade identical products so that each has no influence on the market price.

Short Run

A period in which at least one factor of production is fixed, limiting the ability of a firm to adjust to changes in market demand or supply.

Long-Run Industry

A period in which all factors of production and costs can be variable, allowing for adjustment to changes in market conditions.