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Use the following table to answer the question : Table 15-2: payoff matrix shows the profits accruing to two firms,Company A and Company B,under different pricing strategies.In each cell,the figure on the left indicates Company A's payoff and the figure on the right indicates Company B's payoff.
-In Table 15-2,company B's strategy of choosing a _____ price is iteratively dominated by a strategy of _____ price.
Conditioned Response
A conditioned reaction acquired through training to a stimulus that usually doesn't elicit a response.
Unconditioned Stimulus
In traditional conditioning, a stimulus that inherently and effortlessly elicits a reaction without the need for prior learning.
Unconditioned Response
An instinctive, unlearned reaction to an external stimulus that takes place without beforehand learning or conditioning.
Classical Conditioning
A learning process wherein a neutral stimulus becomes associated with a meaningful stimulus, leading to a conditioned response.
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