Which of the Following Statements Is True

question 107

Multiple Choice

Which of the following statements is true?

• A)A perfectly competitive firm's demand curve is the market-demand curve.
• B)For a monopolist,the demand curve faced by a monopolist is more elastic than the one faced by a competitive firm.
• C)For a monopolist,the law of demand generally does not apply because it is the only firm in a market.
• D)A monopolist's demand curve is the market-demand curve.
• E)The demand curve faced by a monopolist is flatter than the market demand curve.

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Definitions:

Unconditioned Stimulus

In classical conditioning, a stimulus that naturally triggers a response without any need for prior learning.

Little Albert

An experiment conducted by John B. Watson and Rosalie Rayner demonstrating classical conditioning by inducing a phobic response in an infant.

Behaviorism

A field of psychology that focuses on observable behaviors rather than on mental processes, and posits that all behaviors are learned through interaction with the environment.

Basic Conditioning Principles

The foundational rules of learning through association, including classical and operant conditioning, which explain how behaviors are acquired or modified.