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___________ Describe Patterns of Behaviour That Are Accepted as Normal

question 78

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___________ describe patterns of behaviour that are accepted as normal, and to which an individual is expected to conform.


Definitions:

Hours

The measure of time equivalent to 60 minutes, often used to quantify work or activity duration.

Diminishing Marginal Product

The decrease in the additional output that is generated when one more unit of input is added, holding all other inputs constant.

Perfectly Competitive

A market structure where there are many sellers and buyers, products are homogeneous, and there is free entry and exit, leading to the price being determined by supply and demand.

Product Market

The marketplace in which finished goods and services are traded between producers and consumers.

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