Examlex
Each firm in a perfectly competitive market has long run average cost represented as . Long run marginal cost is . The market demand is . Find the long run equilibrium output per firm, , the long run equilibrium price, , and the number of firms in the industry, .
Nirvana
In Buddhism, it refers to an exalted condition where there is an absence of pain, craving, or self-identity, and the individual is liberated from karma's influence and the continual cycle of mortality and rebirth.
Meaning
The significance, definition, or explanation of a word, concept, or symbol, often related to how it is understood in context.
Tantalus
A figure in Greek mythology who was punished in the afterlife by being made to stand in water that receded when he tried to drink and under a tree whose fruit always eluded his grasp.
Mythological
Pertaining to myths or the study of myths; relating to, based on, or appearing in myths.
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