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A neuropsychologist is treating a client with substance use disorder.He recognizes that he is NOT adequately trained in the area of addictions and makes a referral to another colleague.What principle of the Canadian Code of Ethics is he operating under?
Perfect Competition
describes a theoretical market structure characterized by many buyers and sellers, homogenous products, and free entry and exit, leading to optimal distribution of goods and services.
Barriers to Entry
Obstacles that make it difficult for new competitors to enter a market, such as high startup costs, strict regulations, or established brand loyalty.
Economic Profits
The excess of total revenues over total costs, including both explicit costs and opportunity costs, indicating a return beyond the normal profit level.
Accounting Profits
The net earnings of a company as calculated by subtracting total expenses from total revenues, according to standard accounting practices.
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