Examlex
Earth's inner core is primarily made of .
Monopolistic Competitor
A type of market structure where many firms offer products that are similar but not identical, allowing for some degree of market power and product differentiation.
Short Run
A period in economics during which some factors of production and costs are variable, while others remain fixed.
Long Run
In economics, a period in which all factors of production and costs are variable, allowing for full adjustment to changes.
Profit
The financial gain achieved when the amount earned from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.
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