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Discuss and explain how the marginal decision rule, MR = MC, will result in profit maximization for the firm in perfect competition. Why can economic profit exist in the short run but not in the long run?
Funding Target
The specific amount of money that a project, company, or campaign aims to raise within a certain timeframe.
Realistic Enough
A term indicating that something is sufficiently close to reality to be considered plausible or achievable.
Potential Investors
Individuals or entities that may consider investing capital in a project or business but have not yet committed.
Crowdfunding Campaign
A method of raising capital through the collective effort of friends, family, customers, and individual investors, typically via the internet.
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