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Research shows that children with conduct disorder are frequently involved in bullying,fighting,committing sexual assaults,and behaving cruelly toward animals.
Tacit Collusion
A situation where firms indirectly coordinate actions not through direct communication but through understanding and mutual adjustments of strategies.
Monopolistic Competition
A commercial scenario where a plethora of firms deal in products that are very much alike but not perfectly the same, giving them some extent of influence in the market.
Perfect Competition
A market structure characterized by a large number of small firms, a homogeneous product, free entry and exit, and perfect knowledge, leading to firms being price takers.
Profit-maximizing Price
The selling price per unit that maximizes a firm’s profits, based on its cost structure and market demand.
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