Examlex
What is the output of the following code snippet?
Int golfScore = 64;
If (golfScore < 60)
{
System.out.println("Astounding!") ;
}
If (golfScore >= 60 && golfScore < 70)
{
System.out.println("Professional!") ;
}
If (golfScore >= 70 && golfScore < 80)
{
System.out.println("Pretty good!") ;
}
If (golfScore >= 80 && golfScore < 90)
{
System.out.println("Not so hot!") ;
}
If (golfScore >= 90)
{
System.out.println("Keep your day job!") ;
}
Perfectly Competitive
A market structure characterized by a large number of small firms, homogeneous products, and free entry and exit.
Monopolistically Competitive
Describes a market structure where many companies sell products that are similar but not identical, allowing for firms to have some market power.
Market Power
The ability of a firm or group of firms to manipulate the price of goods or services in a market due to lack of competition.
Monopolistically Competitive
Describes a market structure where many firms sell products that are similar but not identical, allowing for significant competition but with a degree of product differentiation.
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