Examlex
The shape and/or slope of the marginal revenue curve under monopolistic competition is
Decision
The act or process of making a choice from a set of alternatives.
System I
A term often associated with fast, automatic, and intuitive thinking, as per dual-process theory in psychology.
System II
A cognitive unit or system in psychology that is responsible for deliberate, analytical, and effortful decision-making processes.
Confirmation Bias
The tendency to take evidence that’s consistent with your beliefs more seriously than evidence inconsistent with your beliefs.
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