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Refer to the above graph.It represents a monopolistically competitive firm in a constant-cost industry.In long-run equilibrium this firm will:
Response
An action or change in behavior that occurs as a result of a stimulus.
Habit Method
A technique in behaviorism for forming or breaking habits through repeated practice and reinforcement.
Tolman
An American psychologist known for his work on cognitive maps and latent learning, suggesting that behavior is purposeful and goal-directed.
Specific Outcomes
The distinct results or consequences that can be expected from a certain action or event, often used in the context of goal setting and achievement.
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