Suppose the Variables X and Y in the Following Bare

question 12

Short Answer

Suppose the variables X and Y in the following Bare Bones program have the values 3 and 2,respectively,when execution begins.What will be the value of Z when the program terminates?
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$\begin{array} { l } \text { clear } \mathrm { Z } \\\text { while X not } 0 : \\\text { clear } W \\\text { while } Y \text { not } 0 : \\\text { decr } Y \\\text { incr } W \\\text { while } W \text { not } 0 : \\\text { incr } \mathrm { Z } \\\text { incr } Y \\\text { decr } W \\\text { decr } \mathrm { X } \\\text { incr } \mathrm { Z }\end{array}$

Describe the concept of excess capacity and its implications for efficiency in monopolistically competitive markets.

Explain how monopolistically competitive markets achieve or fail to achieve allocative and productive efficiency.

Analyze the impact of firm entry and exit in monopolistically competitive industries on demand curves and profits.

Evaluate the role of advertising and product variety in monopolistically competitive markets.

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