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The long run outcome of the monopolistically competitive firm:
Explanatory Variable
A variable in a statistical model that is believed to influence or cause changes in a dependent variable.
Critical Value
A point on the scale of a statistical test that defines the threshold for rejecting the null hypothesis.
Independent Variables
Independent variables are the conditions or inputs that researchers manipulate or select in an experiment to determine their effect on dependent variables.
Observations
Individual instances of data collected through studies or experiments.
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