Examlex
Discuss the three definitions of "sexual abnormality" described in the text.
Long-run Equilibrium
Describes a state in a market where supply equals demand, with sufficient time for all factors of production to adjust and no external pressures.
Demand
The measure of a commodity or service consumers intend and are able to acquire at multiple price levels during a set time span.
Economic Profits
Profits exceeding the opportunity costs of all resources employed, including both explicit and implicit costs, signifying above-normal returns.
Long Run
An economic term referring to a period in which all factors of production and costs are variable, allowing for full adjustment to changes in the market.
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