Markets in Which Firms Sell Their Output of Goods and Services

question 20

Multiple Choice

Markets in which firms sell their output of goods and services are called:

• A) resource markets.
• B) product markets.
• C) command markets.
• D) mixed markets.

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Definitions:

Behavioral Methods

Techniques based on behaviorism used to modify behavior through reinforcement, punishment, or conditioning.

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The expression of approval or admiration for someone or something, often used as a form of encouragement or motivation.

Reinforcers

Stimuli that increase the probability of a response by being introduced or removed following the response.

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