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Toussaint L'Ouverture Was the First Former Slave Elected as Governor

question 39

True/False

Toussaint L'Ouverture was the first former slave elected as governor of Saint-Domingue.


Definitions:

Profit-Minimizing

A situation in which a business aims to reduce its profits to minimize taxes or for strategic reasons, contrary to typical profit-maximizing objectives.

Economic Profits

Economic Profits are the profit made by a company after deducting both explicit and implicit costs, representing the true profitability of the company.

Long Run

a period in which all factors of production and costs are variable, allowing firms to adjust all inputs.

Monopolistically Competitive

Describes a market structure where many firms sell products that are similar but not identical, allowing for product differentiation and some degree of market power.

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