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When the market price is set below the equilibrium price:
Extinction
In psychology, the gradual weakening and disappearance of a conditioned response tendency; in biology, the dying out of a species.
Commission
An instruction, command, or duty given to a person or group of people.
Fixed-ratio Schedule
This is a schedule of reinforcement where a response is rewarded only after a specified number of responses.
Operant Conditioning
A learning process where behavior is controlled by consequences, including reinforcements and punishments to increase or decrease the behavior's occurrence.
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