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The horizontal organization has been characterized as "anti______" because its designers are seeking to remove the constraints imposed by the more conventional organizational structures.Employees worldwide create,build,and market the company's products through a carefully cultivated system of interrelationships.
Short-run Equilibrium
A state in a market where supply equals demand within a short-term period, leading to a stable price level temporarily.
Monopolistically Competitive
In a monopolistically competitive market, firms sell products that are not perfect substitutes for each other, leading to some degree of market power but with free entry and exit in the long run.
Positive Profit
A financial gain that occurs when the revenues from business activities exceed the expenses, costs, and taxes needed to sustain the operation.
Tangent
A straight line that touches a curve at a single point without crossing it at that point.
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