Examlex
Explain what a boycott is and discuss the limitations of the boycott as a tactic to pressure employers to agree to a union's terms in contract negotiations.
Own Capital
The personal wealth or assets invested in a business by its owners.
Long-Run
A period of time in which all factors of production and costs are variable, allowing for complete adjustment to change.
Market Entry
The process by which a company or business begins to participate in a new market, facing existing competitors and regulations.
Normal Return
The minimum profit necessary for a company to remain viable in its industry, often considered the opportunity cost of capital.
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