Examlex
Which of the following is a characteristic of a single-price monopoly?
Function
A relationship between a set of inputs and a set of permissible outputs, where each input is related to exactly one output.
Probability
The measure of the likelihood that an event will occur.
Function
A mathematical relation between a set of inputs and a set of permissible outputs with the property that each input is related to exactly one output.
Navigation Acts
A series of English laws enacted in the 17th century, aimed at restricting colonial trade to English ships and ensuring that colonies contributed to the economic benefit of the mother country.
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