The Value of a Key Attribute in a Relation Must

question 82

True/False

The value of a key attribute in a relation must uniquely identify every row in the relation.

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Definitions:

Demand Conditions

Refers to the nature and size of the market demand for goods and services in an industry.

Efficient Scale

The level of production that minimizes the average total costs of production, achieving economies of scale.

Competitive Price-Searcher

A market condition where firms actively seek to find the optimal price that balances profitability with consumer demand, typically in markets with differentiated products.

Long Run

A period of time in economics where all factors of production and costs are variable, and all adjustments to changes have been made.