Examlex
Which of the following is not a characteristic of a perfectly competitive industry?
A.Firms seek to maximize profits.
B.Profits may be positive in the short run.
C.There are many firms.
D.There are differentiated products.
Unfamiliar Setting
An environment or situation that is not known or experienced before.
Indifferent Toward Mothers
A behavioral observation in attachment theory where infants or young children show no preference between their mothers and complete strangers.
Preoperational Stage
The second stage in Piaget's theory of cognitive development, occurring roughly between the ages of 2 and 7, characterized by symbolic thinking and egocentrism but a lack of operational thought.
Sensorimotor
Refers to the first stage in Piaget's theory of cognitive development, characterized by infants learning through physical interaction with their environment.
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