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Decide whether the relation is a function.
-{(-3, 5) , (1, 5) , (5, 5) , (8, -6) , (10, -2) }
Pure Competition
A market setup defined by many small businesses, identical products, unrestricted entry and departure, and complete information transparency.
Long-Run Average
A concept referring to the time period in which all inputs can be adjusted by firms, relating to production costs and decisions.
Differentiated Products
Goods or services that are distinguished from similar products by characteristics like quality, design, and features.
Marginal Revenue
The additional income received from selling one more unit of a good or service.
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