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A child is told a story using two dolls named Sally and Anne. Sally has a basket, while Anne has a box. The experimenter then explains that Sally puts a coin in her basket and goes out to play. In the meantime, Anne takes the coin from Sally's basket and puts it into her box. Sally comes back inside and looks for the coin. The experimenter asks the child "Where will Sally look for her coin?" If the child says that Sally will look for her coin in her basket, the child is demonstrating that he or she has developed
Market Quantity
The total amount of a product or service that is available for purchase at any given time in a market.
Consumers
are individuals or entities that purchase goods or services for personal use and not for manufacture or resale.
Price
The charge projected, needed, or delivered in payment for a particular commodity.
Monopoly
A market structure characterized by a single seller, selling a unique product in the market without any close substitutes.
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