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Suppose the paper industry is in long-run competitive equilibrium and the demand for paper increases. If the industry has external diseconomies of scale, what will happen to the price of paper in the long run?
Contract In Place
An agreement that has been formally established and is legally binding between parties.
Value System
A set of consistent values and measures that guide the behavior and decisions of an individual or group.
Worker's Personal
Relates to the individual qualities and attributes of a worker that influence their professional life.
Clients' Value
The importance or benefit that clients attribute to a service or product they receive from a provider.
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