Examlex
Which of the following statements about the politics of race in South Africa and Brazil is accurate?
Increasing-Cost Industry
An industry in which production costs rise as firms enter the market, often leading to higher prices for consumers.
Positive Profits
Financial gains achieved when the total revenues exceed the total costs of a business.
Long-Run
In economics, the Long-Run is a period during which all input factors of production and costs are variable, allowing for the adjustment of all possible variables.
Short-Run Profits
Profits earned by a firm in a period where at least one factor of production is fixed.
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