Examlex
The two main sampling techniques that researchers use are ________sampling and ________sampling.
Long-Run Equilibrium
A state in which all factors of production can be adjusted, markets clear, and no economic agents have the incentive to change their behavior.
Marginal Revenue
The additional income that a business receives from selling one more unit of a good or service.
Economic Profits
The difference between total revenues and total costs, including both explicit and implicit costs.
Short-Run Equilibrium
A state in which market supply and demand balance out at current prices, leading to an economic situation where no incentive exists for prices to change.
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