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When a monopolistically competitive industry is in long-run equilibrium:
Grade Point Average
A numerical calculation representing the average value of the accumulated final grades earned in courses over time, used as a measure of academic achievement.
Variables
Variables are any characteristics, numbers, or quantities that can be measured or quantified, which change or vary across different situations.
Age
The length of time that a person or thing has existed.
Operational Definition
A statement of the procedures or ways in which a research concept is measured and turned into a variable.
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