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Which of the following is always true for a perfectly competitive firm?
Normative Social Influence
The effect other individuals have on us, causing conformity so we gain their approval and acceptance.
Group
A collection of individuals who interact with one another, share similar characteristics, and collectively have a sense of unity.
Deindividuation
A psychological state characterized by diminished self-consciousness, reduced self-awareness, and weakened social norms, often leading to impulsive and deviant behavior.
Anonymity
The state of being anonymous, where an individual's identity is unknown or concealed.
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