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Why does market price prevail in a perfectly competitive market?
Psychosocial Theory
A developmental theory that posits that personality development occurs through the interaction between social experiences and underlying psychological processes across the lifespan.
Social Learning Theory
A theory asserting that people can learn new behaviors and attitudes through observation of others' actions and their outcomes.
Cognitive Stages
Cognitive stages refer to the distinct phases in human development defined by cognitive abilities, as proposed by theorists like Jean Piaget, marking how thinking and reasoning evolve from infancy to adulthood.
Social Development
The process by which individuals acquire the knowledge, skills, and behaviors that enable them to participate effectively in society.
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