Find the Period of the Function $y = \frac { 1 } { 2 } \tan \left( x - \frac { \pi } { 3 } \right)$

question 27

Essay

Find the period of the function $y = \frac { 1 } { 2 } \tan \left( x - \frac { \pi } { 3 } \right)$ and sketch its graph.

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Definitions:

Monopolistically Competitive

A market structure where many firms sell products that are similar but not identical, allowing for product differentiation and some price control.

Elasticity

A measure of how much the quantity demanded or supplied of a good responds to a change in one of its determinants, such as price.

Four-Firm Concentration Ratio

A metric that measures the market share of the four largest firms within an industry, indicating the level of competition.

Monopolistically Competitive

Describes a market structure where many companies sell products that are similar but not identical, allowing for significant competition.