Examlex
Consider a perfectly competitive firm.Which of the following equalities could hold true in a short-run equilibrium but not in a long-run equilibrium?
Quotas
Limits set by a government on the amount of a specific good that can be imported or exported during a given time frame, often to protect domestic industries.
Pirating
The unauthorized use or reproduction of another's work without permission.
Multinational Companies
Businesses that operate in multiple countries beyond their home country's borders.
Closed Markets
refer to markets that are not open to all, often restricted by trade barriers or regulations, limiting the entry of external players.
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