When Companies Do NOT Want to Use Market Prices or Find

question 50

Multiple Choice

When companies do NOT want to use market prices or find it too costly, they typically use ________ prices, even though suboptimal decisions may occur.

• A)average-cost
• B)full-cost
• C)long-run cost
• D)short-run average cost

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Definitions:

Behavior Consequences

Refers to the outcomes or results that follow an individual's behavior, which can influence future behaviors through reinforcement or punishment.

Counterconditioning

Behavior therapy procedures that use classical conditioning to evoke new responses to stimuli that are triggering unwanted behaviors; include exposure therapies and aversive conditioning.

Operant Conditioning

A learning process in which the strength of a behavior is modified by reinforcement or punishment.

Counterconditioning

A behavior therapy technique involving replacing an unwanted response to a stimulus with a desired response.