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The demand curve facing a typical firm in a perfectly competitive market is horizontal.
Negative Reinforcement
A behavioral psychology concept where a response or behavior is strengthened by stopping, removing, or avoiding a negative outcome or aversive stimulus.
Observational Learning
The process by which individuals learn new behaviors by observing and replicating the actions of others.
Social Learning
the acquisition of behaviors and skills through the observation of and interaction with others in a social context.
Negative Reinforcement
A technique used in behavior modification that involves the removal of an unpleasant stimulus to increase the likelihood of a behavior being repeated.
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