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Describe the reasons that, in the long run, monopolistically competitive firms earn only normal profits. Draw a graph illustrating the long-run equilibrium.
Social Enterprise School
A concept in social entrepreneurship that focuses on strategies for solving social problems by using business-like operations and thinking.
Social Innovation School
Educational institutions or programs that focus on teaching methods and strategies for solving social problems through innovative solutions.
Disruptive Forces
Elements or innovations that radically change industry patterns, market activities, or the way businesses operate.
Social Entrepreneurs
Individuals who pursue innovative solutions to social problems through entrepreneurial principles, often focusing on creating social capital rather than profits.
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