Examlex
Tiny stones made of calcium salts that roll in response to changes in gravitational pull are called ________.
Monopolistic Competition
A market structure where many companies sell products that are similar but not identical, allowing for significant competition.
Monopolistically Competitive
A market structure where many firms sell products that are similar but not identical, each having some market power.
Economic Profits
The extra amount businesses earn after subtracting all of their costs, including opportunity costs.
Long Run
A period in which all factors of production and costs are variable, allowing for all adjustments to be made within a market or economy.
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