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What distinguishes flash floods from downstream floods?
Short-Run Supply
The supply provided by firms in the short term when at least one input, usually capital, is fixed.
Economic Profit
The contrast between the aggregate income and complete costs, both visible and unseen, of a company.
Market Price
The current price at which an asset or service can be bought or sold in a competitive marketplace.
Cost Curves
Graphical representations that show how the costs of production change in response to different levels of output.
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