Examlex
Identify each word as a noun, a pronoun, a verb, an adjective, an adverb, a preposition, a conjunction, or an interjection
-hooray
Perfect Competitor
A firm that operates in a perfectly competitive market, characterized by selling a homogenous product and having no control over the market price.
Output
In economics, output refers to the total amount of goods and services produced by an economic system or entity.
Imperfect Competitor
An entity in a market that cannot dictate the prices of its goods or services due to the presence of competition, contrary to a monopoly.
Regional
Pertaining to or characteristic of a specific geographic area or division, often considered in terms of economic, political, or cultural distinctions.
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