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The ML Programming Language Has a Built-In List Reverse Function

question 9

True/False

The ML programming language has a built-in list reverse function called rev.

Explain the role of entry and exit of firms in achieving long-run equilibrium in a perfectly competitive market.
Understand the relationship between prices, production costs, and supply in a perfectly competitive market.
Describe how changes in market conditions lead to adjustments in supply and demand in the long run.
Explain the efficiency of resource allocation in perfect competition and the conditions under which this occurs.

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