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If the level of output produced by the firms in a perfectly competitive market has no effect on the prices of the inputs used by the firms,the market supply curve will be flatter than the supply curve for an individual firm in the market.
Management Activities
Tasks and responsibilities undertaken by managers to plan, organize, lead, and control the operations of an organization.
Government Regulations
Legal rules established by government bodies intended to control and supervise certain activities or behaviors within a society.
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