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Write a short note on the mix of relationship ties?
Marginal Revenue
The additional revenue that a company earns from selling one more unit of a product.
Monopolistic Competitor
A market structure where many companies sell products that are similar but not identical, allowing for some degree of market power.
Short Run
The length of time it takes all fixed costs to become variable costs.
Long Run
The long run is a period in economics wherein all inputs can be adjusted, and there are no fixed costs, allowing full operational flexibility.
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