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When negative externalities exist, the private market equilibrium represents a
Retention
The ability to keep, hold, or maintain something in the mind over time, especially information and memories.
Latent Learning
Learning that occurs without obvious reinforcement and is not demonstrated until there is motivation to do so.
Unreinforced Learning
Learning that occurs without any specific feedback or reinforcement for responses or behaviors.
Extinction
Within psychology, the process where a conditioned response slowly diminishes and eventually ceases when the connection between the conditioned stimulus and the unconditioned stimulus is no longer made.
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