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Explain the advantages and disadvantages of working as a rural school social worker. Would you want to be a rural school social worker? Why or why not?
Long-Run Monopolistically Competitive Equilibrium
The condition in which firms in a monopolistically competitive market earn just enough revenue to cover all costs, including a normal profit, in the long term.
Enter Market
The act of beginning to offer goods or services in a particular marketplace.
Exit Market
The act of leaving a market or discontinuing the production and sale of a product or service, often due to unprofitability or strategic realignment.
Profits Eliminated
A situation where competition or other factors reduce a firm's profits to zero over time.
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