Round the Number to Three Significant Digits. 532.573

question 129

Multiple Choice

Round the number to three significant digits. 532.573

• A) 532.570
• B) 533
• C) 532
• D) 543
• E) 532.573

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Definitions:

Equilibrium Level

The equilibrium level is a state where supply and demand balance each other, and market forces such as price remain stable.

Monopolistically Competitive

A market structure where many firms sell products that are similar but not identical, allowing for some degree of market power.

Pure Monopolist

A market structure where a single seller dominates, facing no competition in selling its products or services.

Economic Profit

The difference between a firm's total revenues and its total costs, including both explicit and implicit costs, indicating the firm's overall financial gain.