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Consider the following statements when answering this question: I. In the long run, if a firm wants to remain in a competitive industry, then it needs to own resources that are in limited supply.
II) In this competitive market our firm's long-run survival depends only on the efficiency of our production process.
Nationalism
A political ideology that emphasizes the interests and culture of one's nation, often leading to a desire for national independence or self-governance.
Edward Bellamy
An American author and socialist, most famous for his utopian novel "Looking Backward," published in 1888, which imagined a future society based on cooperation and economic equality.
Looking Backward
"Looking Backward" is a utopian science fiction novel by Edward Bellamy, published in 1888, that imagines a future society based on equality, cooperation, and technological progress.
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