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In a short story,a little boy converses with a skunk that suddenly changes into a large butterfly and takes the little boy to a land filled with gigantic flowers and tiny people.The imaginative and original aspects of this story were made possible by this author's use of
Maximum Earning
The highest possible income or profit that an entity or individual can achieve under given conditions.
Contestable Market
A market in which the costs of entry and exit are low, so a firm risks little by entering. Efficient production and zero economic profits should prevail in a contestable market.
Economic Profits
Profits earned by a firm after accounting for both its explicit and implicit costs, including opportunity costs.
Property Rights
The legal rights to use, control, and derive benefits from a resource, good, or property.
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