Examlex
If a firm in a perfectly competitive industry introduces a lower-cost way of producing an existing product, the firm will be able to earn economic profits in the long run.
Graphing Calculator
An electronic calculator capable of displaying and analyzing mathematical functions graphically.
Inequality
A mathematical expression showing that two quantities are not equal, using symbols like <, >, ≤, or ≥.
Graphing Calculator
A graphing calculator is a handheld computer that is capable of plotting graphs, solving simultaneous equations, and performing other tasks with variables.
Inequality
A mathematical statement that shows the relationship of non-equality between two values or expressions.
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