Examlex
A firm operating in a perfectly competitive industry will continue to operate in the short run but earn losses if the market price is less than that firm's average total cost but greater than the firm's average variable cost.
Economic Classes
Divisions within society based on wealth, income, occupation, and access to resources, contributing to differing social and political interests.
State Of Rebellion
A condition of defiance or resistance against established authority, often leading to conflict or upheaval.
Declaration Of Independence
A document adopted on July 4, 1776, in which the thirteen American colonies declared their independence from British rule.
Battle Of Bunker Hill
The first major battle of the American Revolutionary War, fought on June 17, 1775, primarily on and around Breed's Hill, during which the British succeeded in taking the hill but suffered significant losses.
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