The Fact That a Bird Builds a Nest in the Spring

question 115

Multiple Choice

The fact that a bird builds a nest in the spring is an example of a(n) :

• A) extrinsic behavior
• B) self-actualization need
• C) fixed action pattern
• D) drive-reduction

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Definitions:

Sellers

Individuals or entities that offer goods or services for sale in a market.

Competitive Market

A market structure characterized by many buyers and sellers, free entry and exit, and products that are similar enough to be considered substitutes.

Monopsony

A market condition in which there is only one buyer, giving that buyer considerable control over the price of goods and services.

Marginal Value Curve

A graphical representation that shows how the marginal value of a good or service changes as its quantity changes.