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Explain the difference between Piaget's concept of egocentrism and the concept of egocentrism as it is used in common language. Give an example of each of the two different usages.
Social Networking
A platform or system of digital channels that enables individuals to create, share, or exchange information, ideas, and images/videos in virtual communities and networks.
Yield Management Pricing
Charging different prices to maximize revenue for a set amount of capacity at any given time.
Dynamic Pricing
The practice of changing prices for products and services in real time in response to supply and demand conditions.
Supply and Demand
Economic principles describing how the availability of goods (supply) and the desire for them (demand) affect their price.
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