accessible to multiple organisms

Time from antecedent to response

change in the environment

change in rate

Firm A and firm B are the only producers of Mac and Cheese instant packages in the market. They know that if they cooperate and produce less Mac and Cheese packages, they could raise the price of the package. If they do not cooperate and work independently, they will each earn $100,000. If they decide to cooperate and both lower their output, they can each earn $150,000. If one firm lowers the output but the other does not, the firm that lowered the output will get $0 and the firm that did not will get $200,000, as it will capture the entire market. The table below shows the choices and correspondent outcomes: Prisoner’s Dilemma for Oligopoly   Firm A Not Cooperate (NC) Cooperate (C) Firm B NC ($100k, $100k) ($200k, $0) C ($0, $200k) ($150k, $150k) If B knows for sure that A will cooperate, B should , if A knows for sure that B will cooperate, A should , hence based on the previous answers, the dominant strategy is .

produces significant change

stimulus without a behavior function

events objectively observed, described, measured

Profit, Loss, and Shutdown text only The graph above shows the possible short run outcomes for a perfectly competitive firm. Based on this graph, match the columns: Words: 7 Characters: 52

When there’s no intervention, the equilibrium quantity is Q1 and the equilibrium price is PE. Suppose the government decides to impose a price ceiling in this market, as it thinks that PE is too high. With the price ceiling, price goes down to Pc, and because of that quantity drops to Q2.   Price Ceiling text only Based with the figure above, match the surplus with the correct areas: Words: 2 Characters: 19