Examlex
In perfect competition:
A.goods are standardized and all market participants are price-takers.
B.some goods are standardized and producers are price-takers.
C.goods are standardized and producers are price-takers.
D.some goods are standardized and consumers are price-takers.
Equilibrium
A state of balance or stability within a system, achieved when opposing forces or influences are equal.
Cognitive Development
The construction of thought processes, including remembering, problem solving, and decision-making, from childhood through adolescence to adulthood.
Disequilibrium
The state of being out of balance or lacking stability, often used in contexts of cognitive development or economics.
Assimilation
In cognitive development, it's the process of taking in new information and incorporating it into existing cognitive schemas.
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