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Suppose a new way of producing fireworks is developed,using different chemicals that do not release as many hazardous heavy metals into the environment.Which type of innovation is this?
Behavioral Economics
A field that combines insights from psychology and economics to investigate how individuals actually make decisions, challenging the assumption of perfectly rational agents.
Gum
A soft, cohesive substance designed for chewing, made from the sap of certain trees or synthesized materials.
Candy
A sweet tasting confection made from sugar and often combined with fruits, chocolate, or nuts.
Behavioral Economic Theories
A branch of economics that studies how psychological, social, and emotional factors affect economic decisions.
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