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Other things being equal, which market structure is most likely to yield the greatest industry long-run economic profit?
Individual Differences
The variations among people in their qualities, abilities, experiences, and preferences.
Motivation
The process that initiates, guides, and maintains goal-oriented behaviors, involving the biological, emotional, social, and cognitive forces that activate movement towards a goal.
External Locus
A belief or perception that one's outcomes and experiences are controlled by external forces or outside factors.
Internal Locus
The belief that one's actions and behaviors are guided by personal decisions and efforts, rather than by external factors.
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