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The vertical distance between the AVC and ATC curves is equal to
Enforceable
Capable of being imposed or upheld by legal process or action.
Lifetime Employment
A job guarantee in which an employee can expect to remain employed in their position for their entire working life.
Oral Contract
An agreement between parties that is spoken and not written, yet is legally binding unless specifically required by law to be written.
Enforceable
Capable of being executed or imposed in accordance with legal or contractual requirements.
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