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The Text Considers Three Methods That Can Be Used to Obtain

question 7

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The text considers three methods that can be used to obtain empirical estimates of long-run costs in different industries.Of those three,surveys of expert opinion are considered to be most reliable because they are less subject to bias than the other two methods.


Definitions:

Smiling

The act of expressing happiness, friendliness, or amusement through curving the lips upward.

Imitates

To copy or mimic the actions, behaviors, or characteristics of someone or something.

Modeling

A learning process where individuals learn how to act or perform by observing others.

Smoking Behavior

Patterns or habits associated with the consumption of tobacco products.

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