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During certain periods in the past few decades,if one of the three major breakfast cereal producers in the United States announced a price increase,the other two announced a similar price increase.This implies that the market for breakfast cereals is a good example of _____
Cognitive Process
Mental actions or operations involved in acquiring, processing, and storing knowledge.
Personality
The combination of characteristics or qualities that form an individual's distinctive character, affecting how they think, feel, and behave.
Problem-Solving
The cognitive process of finding solutions to difficult or complex issues.
Mental Representations
Internal cognitive symbols that represent external reality, allowing individuals to think about objects and events not currently present.
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