Which of the Following Is a Characteristic of a Natural

question 168

Multiple Choice

Which of the following is a characteristic of a natural monopoly?

• A) Marginal cost declines over large regions of output.
• B) Average total cost declines over large regions of output.
• C) The product sold is a natural resource such as diamonds or water.
• D) All of the above are correct.

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Definitions:

Secondary Conditioning

A phenomenon in classical conditioning where a stimulus that becomes conditioned as a CS is used to condition a new stimulus.

Spontaneous Recovery

A phenomenon in conditioning where a previously extinguished response re-emerges after a period of no exposure to the conditioned stimulus.

Respondent Behavior

A type of behavior that occurs in response to specific stimuli and is conditioned by the environment, as seen in classical conditioning.

Operant Behavior

Behavior that is controlled by its consequences, including rewards and punishments, in the context of operant conditioning a type of learning process.