Which of the Following Statements Is Correct

question 297

Multiple Choice

Which of the following statements is correct?

• A)A competitive firm is a price maker and a monopoly is a price taker.
• B)A competitive firm is a price taker and a monopoly is a price maker.
• C)Both competitive firms and monopolies are price takers.
• D)Both competitive firms and monopolies are price makers.

Explain the significance of the Atkinson-Shiffrin model in understanding how memory works.

Understand the role of iconic and echoic memories in the encoding of sensory information.

Appreciate the variations in working-memory capacity across different age groups.

Identify the benefits of distributed practice over massed practice for long-term retention.

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Definitions:

Slow-Wave Sleep

A deep stage of sleep characterized by slow brain waves, where the body recovers and regenerates tissues, strengthens the immune system, and builds energy for the next day.

REM Sleep

A stage of sleep characterized by rapid eye movements, increased brain activity, vivid dreams, and temporary paralysis of the muscles.

Memory Consolidation

The process by which temporary, short-term memories are gradually converted into lasting, stable long-term memories.

Ascending Fibres

Nerve paths that carry sensory information from the body up to the brain.