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Multiply, Then Simplify If Possible (x+3)2x+8x+8x+3\frac { ( x + 3 ) ^ { 2 } } { x + 8 } \cdot \frac { x + 8 } { x + 3 }

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Multiply, then simplify if possible. (x+3)2x+8x+8x+3\frac { ( x + 3 ) ^ { 2 } } { x + 8 } \cdot \frac { x + 8 } { x + 3 }

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Definitions:

Market Price

The market rate at which an asset or service can currently be acquired or disposed of.

Marginal Revenue

The augmented income from the sale of one more unit of a good or service.

Pure Competition

A market structure characterized by a large number of buyers and sellers, free entry and exit, and a homogeneous product, leading to price taking behavior.

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