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What does pressing the F3 function key do?
Long-Run Equilibrium
is an economic condition where all inputs and outputs in a market are fully adjusted to any changes, leading to a stable state of operations over time.
Profit
The financial gain obtained when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.
Competitive Return
The earning or return that an investment generates, over and above the risk-free rate, due to its competitive advantage.
Economic Profit
The difference between total revenue and total cost, including both explicit and implicit costs.
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