Examlex
Commitment bias refers to the idea that a witness who has initially identified a face, even an incorrect one, will be more likely to choose that face again.
Tennis Racket
A sporting good used to strike a tennis ball in the game of tennis, typically consisting of a handled frame with an open hoop across which a network of strings is stretched.
Perfectly Competitive System
A market structure where many firms offer a homogeneous product or service, with no single company influencing the market price.
Marginal Cost
The expense increase associated with creating an additional unit of a product or service.
Mix of Output
The combination or range of different goods or services produced by an economy or firm, reflecting its production choices and strategy.
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