In the Long Run Competition Eliminates Differences in Profitability Between

question 22

True/False

In the long run competition eliminates differences in profitability between firms.

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Definitions:

Developing Organism

refers to an organism in the stages of growth and development, from conception through to maturity.

Amnion

A thin, tough, transparent membrane that holds the amniotic fluid and surrounds the embryo.

Fluid

In a physical context, a substance that has no fixed shape and yields easily to external pressure; in a cognitive context, it refers to the capacity to think abstractly and reason adaptively.

Ectoderm

The outermost layer of cells or tissue of an embryo in early development, giving rise to the nervous system and the epidermis, among other structures.