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What are the characteristics implied by the existence of a competitive equilibrium?
Legal Guidelines
Standards and rules established by legislation that guide behavior and business practices.
Discretionary Responsibilities
Responsibilities that allow individuals or managers to make decisions based on their judgment and assessment of a situation.
Corporate Social Responsibility
A business practice that involves participating in initiatives that benefit society, emphasizing ethical behavior, sustainable operations, and community development.
Ethical Responsibilities
Obligations to act in a morally sound way, considering the well-being of others and the environment in decision-making processes.
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