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What Are Sigma Factors? Explain the Roles of the Two

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Essay

What are sigma factors? Explain the roles of the two different sigma factors known as RpoH and RpoS.


Definitions:

Formal Agreements

Legally binding contracts or treaties between parties that outline specific obligations and rights.

Less Elastic

Describes a situation where demand or supply is relatively unresponsive to changes in price.

Recession

A significant decline in economic activity spread across the economy, lasting more than a few months, typically visible in GDP, income, employment, and trade.

Limit Pricing

A strategy where a firm sets the price of its product low enough to deter new entrants into the market.

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