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Refer to the graph shown. In a perfectly competitive industry, price would:
Visual-recognition Memory
The ability to recognize previously encountered visual stimuli and differentiate them from new stimuli.
Visual Preference
An individual's leaning or affinity towards certain visual elements over others, which can influence perception and choices.
Habituation
The process by which there is a decrease in response to a stimulus after being repeatedly exposed to it.
Attention Recovery
The process of regaining concentration and focus on a task or environment after being distracted or disengaged.
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