Examlex
Suppose list is a one dimensional array of size 25,wherein each component is of type int.Further,suppose that sum is an int variable.The following for loop correctly finds the sum of the elements of list.
sum = 0;
for (int i = 0; i < 25; i++)
sum = sum + list;
Salt Monopoly
A situation where a single entity controls the supply and pricing of salt, historically seen as a strategic control over a vital commodity.
Economic Profits
Profits earned by a firm or individual in excess of the opportunity costs of all resources used to generate those profits, representing returns beyond the normal profit level.
Pure Competition
A market structure characterized by a large number of small firms, a homogeneous product, perfect information, and easy entry and exit from the market.
Monopoly
A market structure characterized by a single seller offering a unique product or service, with significant barriers to entry for potential competitors.
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