Examlex

Solved

________ Is a Desirable Consequence That,by Occurring or Being Supplied

question 59

Multiple Choice

________ is a desirable consequence that,by occurring or being supplied following a behavior,increases the likelihood of that behavior being repeated in the future.


Definitions:

Demand Curve

A visual representation indicating the quantity of a good consumers are ready to purchase at various prices, usually sloping downwards to the right.

Monopoly Firm

A company that is the sole provider of a product or service in a market, facing no direct competition.

Computing Monopoly Profit

Involves calculating the difference between a monopolist's total revenues and total costs, highlighting the profit maximization under a monopoly market structure.

Maximum Profits

The highest possible financial gain a business can achieve, calculated as total revenue minus total costs, under given market conditions and operational capacities.

Related Questions