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Suppose that the market for haircuts in a community is a perfectly competitive constant-cost industry and that the market is initially in long-run equilibrium.Subsequently,an increase in population increases the demand for haircuts.In the long run,firms will _____ the market,driving the price of haircuts _____ and the profits of individual firms _____.
Corporate Culture
The shared values, beliefs, attitudes, and practices that characterize an organization and shape its behavior and its employees'.
Ethical Behavior
Conduct that aligns with accepted moral guidelines or principles, typically characterized by fairness, integrity, and responsibility.
Codes of Ethics
A set of principles and guidelines designed to help professionals conduct business honestly and with integrity.
Socially Responsible Behaviors
Actions by individuals or organizations aimed at benefiting society and contributing to its welfare.
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