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Hellenistic philosophers almost universally focused on how individuals should pursue inner tranquility to achieve freedom from larger outside forces. This focus stood in sharp contrast to that of classical philosophers, who discussed political, social, and moral issues that affected the community. To what extent did the differing political establishments of the two eras create this difference in approach? Be sure to discuss the emerging philosophical schools of the Hellenistic era in your response, and their ethical teachings in particular.
Marginal Revenue Curve
A graph showing the change in total revenue for a business that results from selling one additional unit of a product or service.
Perfectly Competitive Industry
A theoretical market structure where there are many buyers and sellers, homogeneous products, no barriers to entry and exit, and perfect information, leading to an efficient allocation of resources.
Market Price
The existing rate at which a service or asset is available for purchase or sale on the open market.
Perfectly Competitive Market
A market structure characterized by many buyers and sellers, free entry and exit from the market, homogeneous products, and perfect information where no single participant can influence the price.
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