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How many valence electrons does P3- have
Long-run Equilibrium
A state where all factors of production can be varied, and all economic participants have fully adjusted to any changes, leading to a stable economic condition.
Constant Costs
Costs that do not change with the level of output or production, remaining stable irrespective of business activity levels.
Economic Profit
The profit or loss that a company makes, calculated by subtracting both the explicit and implicit costs from total revenues.
MR Curve
The Marginal Revenue curve represents the change in total revenue that results from selling one additional unit of a good or service.
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