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Although Functionalism Faded Away as a Theoretical Force in Psychology,historians

question 80

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Although functionalism faded away as a theoretical force in psychology,historians credit it with two important contributions to the discipline that includes the development of


Definitions:

Equilibrium Quantity

The quantity of goods or services supplied is equal to the quantity demanded at the market price.

Socially Optimal

A state or outcome that maximizes the overall welfare or benefit to society, often considered in economics and game theory to balance individual and collective interests.

Gasoline

A volatile, flammable liquid derived from petroleum, used primarily as fuel in spark-ignited internal combustion engines.

Negative Externality

A cost that is suffered by a third party due to an economic transaction or activity.

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