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Carefully explain how short-run equilibrium and long-run equilibrium in monopolistic competition differ. Use graphs to illustrate your answer.
Ectoderm
The outermost layer of cells or tissue of an embryo in early development, giving rise to the skin and nervous system.
Lens
Transparent biconvex structure lying between the iris and the vitreous humor.
Mesoderm
The middle layer of an embryo in early development that gives rise to muscles, bones, and the circulatory system.
Autonomic Neurons
Nerve cells that control involuntary functions of the body, such as heart rate, digestion, and respiratory rate.
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