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Carefully define the term "model" and explain how models are used in managerial economics.
Creativity
The ability to produce original and valuable ideas or solutions by thinking beyond traditional frameworks or patterns.
Employees
Individuals who are hired by an organization to perform specific duties in exchange for compensation.
Expert Knowledge
This term refers to the high level of understanding, skill, or proficiency in a specific field or area, typically gained through extensive experience or education.
Creativity
The ability to produce original and valuable ideas or solutions.
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