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-The above figure shows the demand and cost curves facing a monopoly.The monopoly maximizes profit by setting price equal to
Negative Reinforcement
A behavioral psychology concept where the removal of an unfavorable outcome or stimulus strengthens a desired behavior.
Positive Reinforcement
A reinforcement procedure in which a response is followed by the presentation of, or increase in intensity of, a reinforcing stimulus; as a result, the response becomes stronger or more likely to occur.
Primary Reinforcer
A stimulus that is naturally rewarding, such as food, water, or relief from pain.
Secondary Reinforcer
A stimulus that has become reinforcing through its association with a primary reinforcer, such as money being valued for its ability to purchase food or other basic needs.
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