Examlex
Your friend Janie keeps going on these "fad" diets and each time has gained back even more weight. You should warn her that radical diets may raise __________.
Perfectly Competitive
A perfectly competitive market is one where many buyers and sellers trade identical products so that each has no influence on the market price.
Short Run
A period in which at least one factor of production is fixed, limiting the ability of a firm to adjust to changes in market demand or supply.
Long-Run Industry
A period in which all factors of production and costs can be variable, allowing for adjustment to changes in market conditions.
Zero-Profit Equilibrium
A situation where a firm's total revenues exactly equal its total costs, resulting in no economic profit.
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