Examlex
Even if two competitive firms in the same market have different production technologies,they will each earn long-run zero profits.Why?
Appropriate Feedback
Constructive and relevant information given to an individual or group regarding their behavior or performance intended to guide future improvements.
Equity Theory
A theory in social psychology and organizational behavior that explains how individuals perceive fairness in distribution of resources within interpersonal relationships, leading to feelings of satisfaction or dissatisfaction.
Input to Outcome
The relationship or correlation between contributed resources or efforts (inputs) and the results or achievements (outcomes).
Fairness of Rewards
The perceived equity and justice of the distribution of outcomes and rewards among individuals or groups, influencing their satisfaction and motivation.
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