Examlex
________ is a state of tension that occurs when you hold either two cognitions that are psychologically inconsistent with one another, or a belief that is incongruent with your behavior.
MRP
The additional revenue a firm gains from hiring an additional unit of input, such as labor, in the production of goods.
MRC
Marginal Revenue Cost, NO.
Pure Competition
A market structure in which a very large number of firms sells a standardized product, into which entry is very easy, in which the individual seller has no control over the product price, and in which there is no nonprice competition; a market characterized by a very large number of buyers and sellers.
Market Price
The current price at which a good or service can be bought or sold in the open market.
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