-Refer to the Above Figure

question 118

Multiple Choice

-Refer to the above figure. Which panel represents the long-run supply curve for an increasing-cost industry?

• A) Panel A
• B) Panel B
• C) Panel C
• D) Panel D

---

Definitions:

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior, through which an individual makes associations between certain behaviors and their consequences.

B.F. Skinner

An American psychologist known for his work on behaviorism and the development of the theory of operant conditioning.

Albert Bandura

A Canadian-American psychologist known for his work on social learning theory and the concept of self-efficacy.

Vicarious Learning

The process of learning by observing the actions and outcomes of others' behaviors rather than through direct experience.