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Peterson and Johnson (1971) Also Did a Digit Span Task

question 78

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Peterson and Johnson (1971) also did a digit span task with a simultaneously performed concurrent task.Peterson and Johnson asked participants to repeat simple words over and over (e.g., "the," "the," "the," "the," etc.) while they were also supposed to be rehearsing the digits for the digit span task.They found that:


Definitions:

Profit

The financial gain or surplus remaining after all operating expenses, taxes, and costs have been subtracted from total revenue.

Duopoly

A market structure dominated by two firms, often leading to strategic behaviors and outcomes different from those in more competitive markets.

Two Firms

Refers to a market situation often analyzed in oligopoly models where only two companies dominate the supply in the market.

Industry

A group of companies that operate in a specific sector of the economy, producing goods or services.

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