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A perfectly competitive market is initially in long-run competitive equilibrium. Then, market demand increases. By the time all adjustments have been made, price will be __________ its original level if the industry is a(n) __________ cost industry.
Cardiovascular Disease
A class of diseases that involve the heart or blood vessels, often related to atherosclerosis, hypertension, and other heart issues.
Death Rates
Statistical measures representing the number of deaths within a specific population during a set period of time.
Decreased Dramatically
A significant reduction or drop in quantity or frequency.
Internal Failure Cost
Costs associated with defects found before the product is delivered to the customer, part of Quality Costs.
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