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The model of perfect competition is valuable for
Discrimination
Unfair or prejudicial treatment of people and groups based on characteristics such as race, gender, age, or sexual orientation.
Hostility
An attitude or behavior characterized by antagonism or aggression towards others, often manifesting in negative interactions.
Overgeneralized
The extension of a rule or conclusion to broader situations than those to which it is applicable.
Groupthink
A psychological phenomenon where the desire for harmony in a decision-making group results in an irrational or dysfunctional decision-making outcome.
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