Positive Punishment ____ the Likelihood That the Preceding Behavior Will

question 204

Multiple Choice

Positive punishment ____ the likelihood that the preceding behavior will be repeated.Negative punishment ____ the likelihood that the preceding behavior will be repeated.

• A) increases; increases
• B) increases; decreases
• C) decreases; increases
• D) decreases; decreases

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Definitions:

Four-firm Concentration Ratio

A measure that expresses the total market share held by the four largest firms within an industry.

Herfindahl Index

A calculation of how concentrated a market is, achieved by adding together the market share squares of every firm within that industry.

Market Power

The ability of a company or group of companies to manipulate prices or market conditions in their favor, often due to a lack of significant competition.

Oligopoly

A market structure dominated by a small number of large firms, leading to limited competition and potentially higher prices.