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In the long run, new firms can enter an industry and so the supply elasticity tends to be:
Corporation's Bylaws
The official rules and regulations that govern the management and operations of a corporation, typically established by its board of directors.
Shareholders' Resolution
A formal decision or expression of opinion made by the shareholders of a corporation, usually made during a shareholder meeting.
Corporate Law
A body of law that regulates the formation, governance, dissolution, and administration of corporations.
Sole Proprietorship
A business structure where a single individual owns, manages, and is personally responsible for all aspects of the business.
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