Examlex
Jessica and Rick are married.They both try to balance the time and energy they devote to their occupations,their children,and their relationship.They have a(n) __________ marriage.
Price Competitive
A market condition where businesses strive to offer their goods or services at lower prices than their competitors to attract customers.
Few Substitutes
A market condition where there are limited alternatives for a product, giving the product a higher degree of market power and potentially leading to higher prices.
Long Run Equilibrium
A state where all inputs can be adjusted by firms and all prices can fully adapt, leading to resource allocation where supply equals demand.
Industry
Refers to a specific sector of the economy that produces and distributes goods or services, such as the technology or pharmaceutical industry.
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