When a Monopolist Increases the Number of Units It Sells

question 350

Multiple Choice

When a monopolist increases the number of units it sells, there are two effects on revenue. They are the

• A)demand effect and the supply effect.
• B)competition effect and the cost effect.
• C)competitive effect and the monopoly effect.
• D)output effect and the price effect.

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Definitions:

Low-Frequency Behavior

Actions or responses that occur relatively infrequently within a given dataset or behavioral assessment.

Disequilibrium Principle

The Disequilibrium Principle refers to the concept in cognitive development where learning occurs as individuals adjust to new information, leading to a state of balance between existing knowledge and new experiences.

Secondary Reinforcer

A stimulus that has acquired reinforcing properties through associations with primary reinforcers.

Negative Reinforcement

A behavior modification technique that involves the removal of an unpleasant stimulus to increase the likelihood of a desired behavior.