Which of the Following Statements Is True About a Soft

question 30

Multiple Choice

Which of the following statements is true about a soft commitment?

• A)It is bad for competitors
• B)It is good for competitors
• C)In Cournot competition,capacity expansion is an example of a soft commitment
• D)In Betrand competition,a commitment to reduce prices is an example of a soft commitment
• E)Tough commitments are always in the best interest of a firm

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Definitions:

Extinction

The reduction and eventual disappearance of a learned response, typically when the stimulus originally eliciting the response no longer occurs.

Reinforcement

In behavioral psychology, a consequence applied that strengthens an organism's future behavior whenever that behavior is preceded by a specific antecedent stimulus.

Latent Learning

Learning that occurs without any obvious reinforcement of the behavior or associations that are learned, becoming apparent only when there is an incentive to demonstrate it.

Variable-Ratio

A schedule of reinforcement where a response is rewarded after an unpredictable number of responses, often used in gambling and behavior training.