Examlex
Which one of the following is an incorrect orbital notation?
Perfectly Competitive
Describes a market structure where numerous small firms compete against each other, and products are considered perfect substitutes.
Average Rate
A mathematical mean or typical value of a set of rates, often used in reference to interest rates, pricing, or other financial statistics.
Market Demand
The total quantity of a product or service that is desired by all potential consumers in a market at various price levels.
Competitive Industry
An industry landscape where multiple firms compete against each other, often leading to innovation and lower prices for consumers.
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