Examlex
In monopolistic competition, products are not:
Continuous Random Variable
A type of random variable that can take an infinite number of possible values in a continuous range.
Discrete Random Variable
A variable that can take on a finite or countably infinite set of values, each with a measurable probability.
Density Function
A mathematical function that describes the probability distribution of a continuous random variable.
Probability Density Function
A function that describes the likelihood of a continuous random variable falling within a particular range of values.
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