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If the LAC curve of a potential entrant into an imperfectly competitive industry lies everywhere above the residual demand curve, the current level of industry output necessarily:
Normal Distribution
A bell-shaped probability distribution characterized by its mean and standard deviation, indicating that data close to the mean are more prevalent.
Standard Deviation
A statistic that measures the dispersion or variability of a dataset relative to its mean, indicating how spread out the data points are.
Normally Distributed
Describes a distribution of data that forms a bell-shaped curve, symmetrical about its mean, implying that mean, median, and mode are equal.
Weight Loss
The reduction of total body mass due to efforts to improve fitness and health, or to change appearance through slimming.
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