Suppose the Variable X Represents People, And $$F ( x ) : x \text { is friendly } \quad T ( x ) : x \text { is tall } \quad A ( x ) : x \text { is angry. }$$

question 12

Short Answer

suppose the variable x represents people, and $$F ( x ) : x \text { is friendly } \quad T ( x ) : x \text { is tall } \quad A ( x ) : x \text { is angry. }$$ Write the statement in good English. Do not use variables in your answer.
- $$\neg \forall x ( F ( x ) \rightarrow A ( x ) )$$

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Definitions:

Monopoly Power

The ability of a monopoly to dictate the terms of the market, including price and quantity of goods or services provided.

Free Entry

Free entry refers to a market condition where firms can enter the industry without facing any barriers or restrictions.

Long Run

Amount of time needed to make all production inputs variable.

Price Elasticity

A measure of the responsiveness of quantity demanded or supplied of a good to a change in its price, indicating how changes in price can affect consumption or production volumes.