According to the U

question 62

True/False

According to the U.S.Supreme Court,to justify prohibiting a form of speech or expression of opinion,the school must be able to show that the forbidden conduct will substantially interfere with the discipline required to operate the school.

---

Definitions:

Alfred Marshall

A prominent British economist known for his significant contributions to the principles of microeconomics.

Purely Competitive Firm

A company that operates in a market where there are many buyers and sellers, each selling a homogeneous product with no single seller or buyer having the market power to influence prices.

Long-run Equilibrium

A state in which all economic forces such as supply and demand are balanced, and all firms are producing at a level where no new entrants will disrupt the market.

Minimum ATC

The lowest point on the average total cost curve, representing the most efficient scale of production for a firm.