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The temperatures for a 24-hour period ranged between 13 o F and 5 o F, inclusive. What was the range in Celsius degrees? ( Use ). Please enter your answer in interval notation.
New Firms
Newly established business entities that have recently started operations, contributing to innovation, competition, and economic dynamics.
Existing Firms
Businesses that are already operating within a market, as opposed to new entrants.
Long Run
A period in economics where all factors of production and costs are variable, allowing for complete industry adjustment to changes.
Monopolistic Competition
A market structure where many companies sell products that are similar but not identical, leading to competition based on quality, price, and brand.
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