__________ Are Persons Who Use Memory-Enhancing Techniques for Greatly Improving

question 95

Multiple Choice

__________ are persons who use memory-enhancing techniques for greatly improving their memory or who have a distinctive sensory or cognitive ability to remember information.

• A)Mnemonists
• B)Geniuses
• C)Parallel-processors
• D)Photographic thinkers

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Definitions:

Normal Profit

The minimum level of profit necessary for a firm to remain competitive in the market, essentially covering opportunity costs.

Equilibrium Price

The price at which the quantity of goods supplied equals the quantity of goods demanded in a market.

Purely Competitive Industry

A purely competitive industry is characterized by many buyers and sellers, homogenous products, and free entry and exit from the market, ensuring no single entity can control the market price.

Units of Output

Quantities of product or service produced by a company, which can be measured to assess productivity or performance.