In the Long Run,if a Firm Is Making a Loss,it

question 141

Multiple Choice

In the long run,if a firm is making a loss,it will

• A) continue to operate no matter what.
• B) continue to operate if it covers its fixed costs.
• C) increase production in order to increase profits.
• D) decrease production in order to increase profits.
• E) stop producing and exit the market.

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Definitions:

Response Covariation

A phenomenon where changes in one behavior result in changes in another behavior, suggesting a relationship between behaviors.

Differential Reinforcement

The process of reinforcing a specific behavior while also applying different reinforcement contingencies for other behaviors.

Backward Chaining

A teaching technique that involves breaking down a task into smaller parts and teaching the last step first, moving backwards towards the first step.

Interresponse Time

The temporal duration or interval between successive instances of a specific behavior.