The following graphs show two firms operating in a monopolistically competitive market. The firm illustrated in Graph B will minimize losses by producing at a level of output _____ and charging a price _____.Figure 9.2: 
Definitions:
Classical Conditioning
Classical conditioning is a learning process that occurs when two stimuli are repeatedly paired together; an initially neutral stimulus eventually elicits a response that was initially elicited by another stimulus.
Contrived Extrinsic Rewards
Artificial incentives given to motivate behavior, such as bonuses or points, that do not naturally relate to the task being performed.
Feedback
Information provided about the outcomes of a process or activity, used to adjust or improve future performance or decision-making.
Law of Immediate Reinforcement
A principle suggesting that reinforcement (rewards or punishments) following a behavior makes it more likely that the behavior will occur again in the future.
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