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Alfred Marshall Recognized Time in the Determination of Supply Elasticity

question 21

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Alfred Marshall recognized time in the determination of supply elasticity.His 'momentary market period' is shown through a short-run supply curve which is:


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Organizational Culture

The set of shared values, beliefs, and practices that characterize how a company’s employees behave and interact.

External Adaptation

The process by which an organization adjusts and changes in response to the external environment.

Internal Integration

The process of harmonizing internal operations and departments within an organization to work more effectively together.

Organizational Culture

The shared values, beliefs, and norms that influence the way members of an organization interact with each other and with stakeholders.

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