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Because of the large mass of a 2 kg ball compared to an electron (me = 9.1 × 10-31 kg), we know at the same time the position and velocity of the ball with very small uncertainty, as opposed to an electron, for which the uncertainty in knowing the velocity is very large if we know its position.
Monopolistic Firm
A single firm that dominates a market or industry, having significant control over the price and supply of a product or service.
Monopolists
Individuals or entities that are the sole providers of a particular product or service, allowing them control over market prices and supply.
Perfectly Competitive
A market structure where there are many buyers and sellers, all selling identical products, and no single entity can influence the market price.
Market Power
The ability of a firm or group of firms to control prices and output levels in a market.
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