Outline the Relationship Between Economies of Scale,first-Mover Advantages,and the Pattern

question 96

Essay

Outline the relationship between economies of scale,first-mover advantages,and the pattern of trade as indicated by new trade theory.

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Definitions:

Reinforcement

In behavioral psychology, a process in which a behavior is strengthened by the outcome that follows, whether it's positive (reward) or negative (removal of an undesirable stimulus).

Punishment

A consequence that decreases the likelihood of a behavior being repeated.

Increase

A rise or growth in quantity, size, strength, or another measurable factor.

Physical Discipline

refers to the use of physical force with the intention of correcting or controlling a person's behavior, often debated for its effects on long-term psychological well-being.