At Its Profit-Maximizing Output, a Pure Nondiscriminating Monopolist Achieves

question 75

Multiple Choice

At its profit-maximizing output, a pure nondiscriminating monopolist achieves

• A) neither productive efficiency nor allocative efficiency.
• B) both productive efficiency and allocative efficiency.
• C) productive efficiency but not allocative efficiency.
• D) allocative efficiency but not productive efficiency.

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Definitions:

Stimulus Generalization

A psychological phenomenon where a response to a specific stimulus is elicited by similar stimuli, often studied in the context of learning and behavior.

Intermittent Reinforcement

A conditioning schedule in which a reward or punishment is not administered every time the desired response is performed, leading to more resistant behavior change.

Continuous Reinforcement

A method of learning where a behavior is reinforced every time it occurs, leading to faster acquisition of the behavior.

Intermittent Reinforcement

A conditioning schedule in which a reward or punishment (reinforcement) is not administered every time the desired response is performed, leading to more resistant behavioral patterns.