Democracy Was Pioneered by the Athenians in Ancient Greece

question 2

True/False

Democracy was pioneered by the Athenians in ancient Greece.

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Definitions:

Marginal Cost

The price of making an additional unit of a product or service.

Perfect Competition

A market setup where numerous buyers and sellers interact, offering identical products, with no barriers to entry or exit, and complete transparency of information, resulting in suppliers having no control over prices.

Monopoly

A market structure characterized by a single seller, selling a unique product in the market. This seller faces no competition, as he is the sole seller of goods with no close substitute.

Output

refers to the total amount of goods or services produced by a firm, industry, or economy within a certain period.