What Is Sensory Memory

question 44

Multiple Choice

What is sensory memory

• A) a limited-capacity store that can maintain unrehearsed information for up to about 20 seconds 
• B) the same thing as working memory 
• C) a brief type of storage that preserves information in its original form for a fraction of a second 
• D) an unlimited capacity store that can hold information over lengthy periods of time

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Definitions:

Competitive Market

A market structure characterized by many buyers and sellers where no single participant has market power to influence prices significantly.

Long-Run Equilibrium

A state in which all factors of production are variable, allowing firms to enter or exit, resulting in zero economic profit for perfectly competitive firms.

Competitive Industry

An industry where numerous firms compete against each other to sell similar products or services.

Output Level

The quantity of goods or services produced by a company, industry, or economic sector within a given time period.