Examlex
If firms in a competitive market are identical,the long-run market supply curve is horizontal.
Environmentally Responsible
Acting with consideration for the impact on the natural world, aiming to minimize harm to ecosystems and promote sustainability.
Intangible Concepts
Ideas or principles that cannot be physically touched or measured, but can be understood and have significance, such as freedom, justice, or love.
Physical Objects
Tangible items that can be seen, touched, and usually occupy space, in contrast to intangible concepts or services.
Societal Marketing Concept
A marketing approach that considers not only the demands of consumers but also the long-term welfare of society.
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