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Define cardiac tamponade,and explain how it can affect the heart.
Economic Profit
The difference between total revenue and the total opportunity costs of all resources used in production, including implicit and explicit costs.
Long-run Equilibrium Conditions
A state in an economic model where all factors of production and markets adjust, resulting in no excess supply or demand.
Price-taker
A seller or buyer that has no control to dictate prices in the market, typically because of the highly competitive and uniform nature of the product.
Competitive Price-searcher Markets
Markets where firms have some control over prices due to product differentiation, but must search for the best price to attract customers.
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