Which Term Describes Factors That Limit the Range of Prices

question 142

Multiple Choice

Which term describes factors that limit the range of prices a firm may set?

• A)price fixings
• B)pricing constraints
• C)price elasticities
• D)pricing demands
• E)pricing margins

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Definitions:

Rambunctious Children

Children who exhibit energetic, noisy, and uncontrollable behavior.

Habituation

The process by which there is a decrease in response to a stimulus after being repeatedly exposed to it.

Secondary Reinforcement

A process where a stimulus reinforces a behavior through its association with a primary reinforcer (e.g., praise or social approval that becomes reinforcing through its association with more direct rewards).

Successive Approximations

A method in behaviorism used to train a new behavior by rewarding actions that are progressively closer to the desired behavior.