Create an If…else Statement That Will Check If the MaxValue

question 16

Essay

Create an if…else statement that will check if the maxValue variable is equal to 100. If true, create a println statement that will output "Max reached". If false, create a println statement to output "Keep trying".

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Definitions:

Socially Optimal Price

A price level for goods or services that is considered the most beneficial for society as a whole, taking into account both private and external costs and benefits.

Resource Allocation

The process of distributing available resources among various competing needs or projects in an efficient manner.

Unregulated Monopolist

An unregulated monopolist refers to a monopoly that operates without government intervention, setting prices and output levels without regulatory constraints.

Nondiscriminating

A principle or policy of treating all people equally, without unfair bias or discrimination.