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Which of the Following Includes Two of the Others

question 26

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Which of the following includes two of the others?


Definitions:

Creative Destruction

a concept in economics which suggests that new innovations continually destroy old industries or practices, making way for new growth and advancements.

U.S. Business

Refers to commercial, industrial, or professional activities conducted within the United States aimed at generating profit or economic growth.

Long-Run Supply Curve

A graphical representation that shows how the quantity supplied of a good changes in response to a price change once producers have had enough time to adjust their production decisions fully.

Constant-Cost Industry

An industry in which costs of production do not change as the industry's output changes.

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