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The most influential work demonstrating memory in infants using the preference-for-novelty paradigm is that of Joseph Fagan (1973, 1974) in which he showed that 5- and 6-month-old babies formed visual memories following brief exposures (5 to 10 s) and that these memories lasted as long as:
Demand Curve
A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers, usually downward sloping.
Pure Competition
A market structure characterized by a large number of small firms, a homogeneous product, and easy entry and exit from the market.
Nonprice Competition
A marketing strategy where companies attract customers through methods other than price, such as quality of product, service, or brand image.
Pure Competition
A market condition characterized by a large number of small firms, identical products, and free entry and exit, leading to price-taking behavior.
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