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Why is an oligopolist more likely to be able to earn a profit in the long run compared to a monopolistic competitive firm?
Immigration Effects
The impact of immigration on the economy, labor markets, and society in general.
Equilibrium Wage
The wage rate at which the quantity of labor demanded by employers equals the quantity of labor supplied by workers, leading to a balance without excess supply or demand in the labor market.
Employment Level
A measure of the number of people in a workforce who are currently employed.
Illegal Immigrants
Individuals who enter or reside in a country without the proper authorization or legal permission.
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