Select "Complete" If the Sentence Is Complete or "Fragment" If

question 33

Multiple Choice

Select "complete" if the sentence is complete or "fragment" if the sentence is a fragment.
-The whale in the ocean.

• A) complete
• B) fragment

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Definitions:

Long-run Equilibrium

A state in economics where supply equals demand, and all markets clear, resulting in an efficient allocation of resources over time.

Price

The financial cost or valuation of a goods or service, expressed as the amount of currency needed to acquire it.

Monopolistically Competitive Industry

A market structure where many firms sell products that are similar but not identical, allowing for significant differentiation and non-price competition.

Perfectly Competitive Industry

An industry characterized by many small firms producing identical products where no single firm can influence the market price.