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What shape of demand curves do monopoly firms have,and how much output can they sell
ERG Theory
A theory in psychology that categorizes human needs into three categories: Existence, Relatedness, and Growth, suggesting people are motivated by these in succession.
Existence Needs
Desires for physical well-being.
Esteem Needs
The human desire for respect, self-esteem, and recognition from others, important for individual motivation and development.
Praise and Recognition
The act of giving positive feedback or acknowledgment to individuals or teams for their accomplishments and contributions.
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