Examlex
Solve the system by the addition method. If there is no solution or an infinite number of solutions, so state. Use set
notation to express the solution set.
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Profits
The financial gain realized when the revenue earned from economic activities exceeds the expenses, costs, and taxes associated with sustaining the activity.
Firms
Business entities engaged in commercial, industrial, or professional activities, either for profit or as a nonprofit.
Perfectly Competitive
a market structure characterized by a large number of small firms, a homogeneous product, perfect information, and no barriers to entry or exit.
Patents
Legal documents granting an inventor exclusive rights to produce, use, and sell their invention for a specific period of time.
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