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When We Teach Someone What a Concept Means by Pointing

question 61

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When we teach someone what a concept means by pointing out a physical example and saying, "things like that," we are providing an ostensive definition, rather than a logical one.Is it possible to provide an ostensive definition for every concept?


Definitions:

Close Substitutes

Products or services that are so similar that a consumer can easily replace one with another, often affecting consumer choice and market competition.

Sole Producer

A market situation where only one supplier exists for a particular good or service, often leading to monopolistic behaviour.

Average Revenue

The amount of money received by a firm per unit of output sold.

Average Variable Cost

The total variable costs divided by the quantity of output, representing the variable cost per unit of output produced.

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