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In a study procedure called the "impossible outcome" task, babies watch as an experimenter covers two objects with a screen, and then takes the screen away to reveal either one or two objects. Which of the following accurately summarizes results when the babies are just a few months old?
Sub-Markets
Distinct segments within a larger market, often defined by consumers' preferences, product characteristics, or geographical regions.
Dominant Firm
A company that has a large market share in an industry, allowing it to set prices or conditions under which other firms operate.
Market Equilibrium
A situation where the supply of a good or service is equal to the demand for it, resulting in stable prices.
Homogeneous Products
Goods that are perfectly identical in quality, size, and features, making them indistinguishable to consumers from multiple producers.
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