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Dr.Okawa is interested in studying the effect of neurological trauma on short-term memory.First,he collects detailed information from a small number of individuals who have experienced brain damage.Then,using information provided by medical records,interviews,and observations,Dr.Okawa attempts to create an in-depth portrait of each individual.What type of research method was used in this study?
Long Run
A period of time in economics sufficient for all markets to adjust to changes, including those of supply and demand.
Economic Profits
The total revenue of a business minus its explicit and implicit costs; a measure of incremental gain over the total costs, including opportunity costs.
Supply Curve
A graph showing the relationship between the price of a good and the quantity supplied by producers.
Long-run Equilibrium
A state in which all factors of production and outputs are variable, allowing for the adjustment of all inputs, leading to a balanced economic condition over time.
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