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Individuals form ____ for behavior by recognizing that the three types of patterns are consensus,consistency,and distinctiveness.
Consumers
Individuals or entities that purchase goods or services for personal use and not for manufacturing or resale.
Widgets
A hypothetical or generic product often used in economic examples and problems to represent any type of good or service.
Externalities
Costs or benefits arising from an economic activity that affect bystanders and are not reflected in market prices.
Distortionary Taxes
Taxes that cause changes in behavior and decision-making, leading to inefficiencies in the market.
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