In the Context of the Competition and Consumer Act 2010

question 37

Multiple Choice

In the context of the Competition and Consumer Act 2010 (Cth) ,which of the following statements has NOT been said about the term 'competition'?

• A)Competition is a process rather than a situation.
• B)Competition is a mechanism for discovery of market information.
• C)Competition is a mechanism for discovery of the most successful businesses.
• D)Competition includes competition from imported goods.

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Definitions:

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, which affects the likelihood of that behavior being repeated.

Latent Learning

A form of learning that occurs without any immediate or obvious reinforcement, only becoming apparent through a subsequent change in behavior.

Observational Learning

Learning that occurs through observing the behaviors of others and the outcomes of those behaviors, without direct experience.

Positive Reinforcers

Stimuli that, when introduced after a behavior, increase the likelihood of that behavior occurring again.