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Bullock and Gelman demonstrated that when causation problems are simplified, preschoolers can:
Marginal Revenue
The added earnings garnered from the sale of one more unit of a product or service.
Market Demand
The overall volume of a good or service that consumers in a market are ready and capable of buying across a range of prices.
Exclusive Right
A legal entitlement granting a party sole permission to use, produce, or sell a particular product or service, often protected by intellectual property laws.
Supply Curves
Visual representations indicating how the quantity supplied of a good changes in response to changes in its price, usually upward sloping.
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