Examlex
Select the best sentence to include in the closing paragraph of a bad-news letter that turns down a job applicant.
Short-run Equilibrium
A state where supply and demand are balanced at a particular price level within a short-term period, with at least one fixed input.
Cost
The amount of money or resources spent in the production of goods and services.
Economic Profits
The gap between the overall earnings and combined expenditures, taking into account both overt and hidden costs.
Competitive Markets
Markets in which there are many buyers and sellers, so no single buyer or seller can influence the price.
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