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In a perfectly competitive market in the long run the firm makes abnormal profits
TOF Timer
A timing function that begins timing when the input signal goes from true to false, often used in programmable logic controllers (PLCs).
Accumulate Time
A process in computing or control systems where elapsed or total time for events is recorded or added together.
Time Delay
An intentional latency inserted in a signal path or operational sequence to regulate the flow of information or synchronization of tasks.
Energized
Denotes when an electrical device is supplied with power, indicating its active status and readiness to perform its function.
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