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Use the following figure to answer the question : Figure 13-1 : shows the Stackelberg model of a duopoly.Both firms face constant marginal costs equal to OJ and the market demand curve is AD.The Stackelberg firm produces an output of OF and OF is equal to FL.
-Refer to Figure 13-1.The output of the follower firm is represented by the distance _____.
Maslow's Hierarchy
A theory in psychology proposed by Abraham Maslow, depicting a five-tier model of human needs, from basic physiological needs to self-actualization.
Belongingness
The human emotional need to be an accepted member of a group.
Esteem Needs
In Maslow's hierarchy of needs, these represent the human need for respect, self-esteem, and recognition from others.
Self-actualizing Individuals
People who have achieved the highest level of Maslow's hierarchy of needs, realizing their potential and possessing an ongoing appreciation for life and personal growth.
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