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The Following Questions Refer to the graph below,which is for a firm in a competitive market.
-If the firm has a total cost of $400,it is earning a
Norm of Reciprocity
A social norm that expects individuals to repay, in kind, what another has provided or done for them.
Management Ability
The competence or skillset required to control, direct, and administer resources, tasks, or people effectively in an organizational setup.
Benevolence
The quality of being well-meaning; kindness.
Integrity
The quality of being honest and having strong moral principles; moral uprightness.
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